The first day of a week is generally a very slow day in the markets as the traders return to their desks and evaluate their positions and the market before deciding on which day to go. There are also lack of fundamental drivers in the markets on Mondays as the news dries up during that day. So, the main driver on such days are the events that happened over the weekend but with this weekend also being a dry one with no news forthcoming, there was not much action in the European markets as the EURUSD pair traded within a 70 pip range for the day.



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