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Feb 11 - 01:24 PM
EUR/USD: Sideways Range To Continue On S/T; Staying Bearish L/T - ING
First appeared on eFXplus on Feb 11 - 11:15 AM

ING discusses EUR/USD technical outlook and flags a sideways trading range in the near-term.

"The picture is sideways between the upward sloping trend line around 1.1330 and the former upper end of the falling trend channel around 1.1235 and the horizontal line around 1.1530 and slowly declining EMA-200 line at 1.1542," ING notes. 

"We believe this sideways pattern will be continued on a short-term basis. Our long-term view remains bearish," ING adds. 

 

Source:
ING Research/Market Commentary

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