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Thomson Reuters
Feb 08 - 03:48 AM
EUR/USD - German Data Should Blunt Will Of Bearish EUR/USD Traders
First appeared on eFXplus on Feb 08 - 02:35 AM
  • EUR/USD should find support from impressive German trade and c/a data
  • Both German exports and imports rise well over expectations nAPN08BV00
  • Good news from EZ's core with trade and current account surpluses widening
  • EUR/USD sold for six successive trading days ahead the data, traders short
  • Pair close to 2019 low 1.1289 within 1.12-1.16 range, cause to cover shorts
  • Most are short on still bearish techs so initial will to cover may be modest

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