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Thomson Reuters
Mar 05 - 02:36 PM
EUR/USD - Techs Lean Bearish Ahead Of ECB, Jobs Risks
First appeared on eFXplus on Mar 05 - 12:20 PM
  • Daily & monthly RSIs deepen their bear biases, downside momentum increases
  • Pair falls further below the bearishly aligned 10- and 21-DMAs
  • 1.1300 support breaks as US ISM continues streak of robust US data
  • Feb 19 1.1276 low is interim support ahead of major supportnear 1.1200
  • ECB Thursday, Draghi likely cautious, growth & inflation downgrades expected
  • US jobs Friday, if jobs & wages surprise to upside US$ & US yields will rise
  • Potential for big fall should 1.1200 break, 1.0850/1.0950 then targeted

chart: Click here

Source:
Thomson Reuters IFR Markets

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