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Thomson Reuters
Jan 24 - 03:48 PM
EUR/USD - Draghi & GDP Forecasts Deepen EUR/USD's Slide
First appeared on eFXplus on Jan 24 - 01:35 PM
  • Draghi & German economy ministry help EUR/USD plumb a new low below 1.1300
  • Draghi says risks moved to downside & data likely to be weaker than expected
  • Handelsballt reports German econ ministry lowers 2019 GDP to 1.0% from 1.8%
  • After some short covering during Draghi's press bears emerge near 1.1380
  • US$ goes bid across the board while bund yields dive, EUR/USD nears 1.1290
  • Techs are bearish, RSIs fall, inverted monthly hammer forms & 55-DMA caps
  • Markets ponder next ECB move after dovish Draghi nL1N1ZO0X4 nL1N1ZO0N9

chart: Click here

Source:
Thomson Reuters IFR Markets

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