Bank of Italy: Economic indicators suggest activity remains weak in Q4

<p>The Bank of Italy is on the wires saying:</p><ul><li>Economic indicators just that activity remains weak in the 4th quarter</li><li>They continue to see estimates of 0.7% growth for this year</li></ul><p>The EURUSD has rebounded back toward its closing level from Friday after dipping to the 38.2% retracement of the November trading range at 1.0664 at the start of the North American session. The rebound took the price back up toward its 100-hour moving average at 1.06869. The current price trades at 1.0676.</p><p>The trading range today is only 37 pips. The average of the last 22 trading days has been 70 pips. So there is room to roam on a break of extremes. </p>

This article was written by Greg Michalowski at www.forexlive.com.