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2013.11.2208:47:00UTC+00Research: Fx Trading Volume Will be Significantly reduced Next Week

Quotes from UniCredit Research:

-Thanksgiving is approaching and trading volume will be significantly reduced next week. For EUR-USD, range-trading between 1.3390 and 1.3500 with some downside bias seems to be of reference. Given the current uncertainty about the start of the Fed's tapering we think that the uptrend in USD-JPY will be limited to around 101.50 for the time being.

-While levels of 1.62 in cable are within reach, some profit taking is likely to emerge at the beginning of next week. The close correlation between EUR-USD and USD-CHF is very likely to prevent EUR-CHF from being hit by any direction-setting impulses next week.

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