EUR/USD: heading towards the base of its range

EUR/USD Current price: 1.1179View Live Chart for the EUR/USD The EUR/USD pair advanced up to 1.1288 during the European opening, but gave up over 100 pips afterwards, with no certain catalyst behind the move, but a steady advance in worldwide stocks. Investors continued trading in the light of the latest US NFP report, as the poor result of the country's inflation figures of September, fueled speculation that the Federal Reserve won't be able to raise rates this 2015. As for macroeconomic data, figures were soft both in Europe and the US, with
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