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Feb 14 - 05:55 AM

EUR/USD - Was Oversold, Now It Isn't - U.S. CPI Next

By Jeremy Boulton  —  Feb 14 - 04:55 AM
  • EUR/USD dropped from peak to base 20-Day Bollingers Feb 2-7

  • Sell-off was stretched and pair has bounced ahead a major event

  • This week EUR/USD has rallied 1.0656 to 1.0764 EBS

  • Last week's high 1.0800, low after NFP 1.0793, centre Bollinger bands 1.0820

  • EUR/USD should encounter resistance 1.0800-20 area

  • The target for min tech correction Sep-Feb rise is 1.0459

  • What to expect from today's U.S. inflation data nL1N34U0H6

  • The loss of momentum in FX markets is key nL1N34U0JC


Source:
Refinitiv IFR Research/Market Commentary

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