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Sep 29 - 06:55 AM
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EUR/USD - Sinks As Investor Confidence Challenged By Bonds, Rates And Oil
By Jeremy Boulton — Sep 29 - 05:51 AM
• EUR/USD sinks to 1.1333 EBS close to 2026 low at 1.1325
• Drop follows oil's rally, US and EZ i/rate rises and bond slump
• Stocks which have slipped only modestly remain key
• Bearish tech signals target 1.1275 if 2026 low broken
• Target for a deeper correction of 1.0125-1.2084 rise is 1.1105
• Worrying backdrop could trigger rush for the dollar
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EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters