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Thomson Reuters
Mar 13 - 02:36 AM
EUR/USD - Swerves From Downtrend But Bulls Should Hold Fire
First appeared on eFXplus on Mar 13 - 12:50 AM
  • EUR/USD swerved up after weak US CPI data, exiting downtrend
  • Entrance of downtrend channel at 1.1266 now acts as support
  • But bulls should hold back, as negative trajectory could return
  • USD bounce underway, after haven-buying dented US yields on Tues
  • EUR/USD still inside trendlines, barring close above 1.1396
  • Bearish Bollinger channel will be reinstated below 1.1266

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Source:
Thomson Reuters IFR Markets

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