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Thomson Reuters
Oct 03 - 12:12 PM
EUR/USD - Short Side Less Attractive As European Banks Turn Higher
First appeared on eFXplus on Oct 03 - 09:50 AM
  • EUR/USD testing 1.1500 support again, possible bear trap
  • Weakness in European financial sector been a feature of 2018 EUR selloff
  • But potential bottom in Euro bank index could ease pressure on currency
  • Benchmark SX7E bounces after hard flush and re-test of YTD lows
  • Could be leading indicator of shifting market profile toward positive

Stoxx Bank Index: Click here

Source:
Thomson Reuters IFR Markets

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