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Feb 14 - 02:36 AM

EUR/USD - Offered In Asia Ahead Of Key Data

By John Noonan  —  Feb 13 - 10:15 PM
  • EUR/USD opened at 1.0844 and drifted down to 1.0827 before finding buyers

  • Heading into the afternoon it is trading around 1.0835 with low volumes

  • EUR/USD technically poised to move a lot lower after close below 1.0860 nL4N2AD5EH

  • EZ and German GDP out today followed by US retail sales and IP

  • If data continues to contrast EZ and US economies, it will weigh on EUR/USD

  • Trend lower is strong, so selling rallies the preferred strategy





eur/usd Click here

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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