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Feb 13 - 09:48 PM

EUR/USD - Soft Ahead Of GDP, As The Relentless Trend Extends

By Andrew M Spencer  —  Feb 13 - 08:15 PM
  • Off 0.1%, extending yesterday's 0.3% loss, as the downtrend extends

  • Disparate US and EZ data, combined with the outlook for 2020 weigh

  • Q4 GDP due today with a poll expecting a 0.1% gain qq and 0.2% yy crucial

  • Closed below 1.0863, 76.4% of the 2017/2018 rise - big bearish signal

  • 1.0570 April 2017, and 1.0494 February low, then 1.0340 2017 base support

  • Daily and weekly 5, 10 & 21 MAs head lower - trending setup

  • 1.0839 falling 21 day Bolli suggests selling strength not breaks

  • Asian 1.0827-1.0842 range are initial support-resistance

eur feb 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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