Euro grinds higher

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The ISM report has been stronger than anticipated at 62.2 in 58.5 final month, but there'll be a concern over export development. Caution is liable to control in the brief term before the ECB rate decision on Thursday and US payroll data. The Euro can grind a restricted recovery against the dollar and there is the prospect of a recovery in monies. Selling pressure on the Euro is responsible to restart over 1.1950.

Analysis provided by http://www.fxtoday.co.uk