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14 Oct 2019

EUR/USD Technical Analysis: The upside met strong resistance in the 1.1060 region

  • The rally in EUR/USD briefly surpassed the key 55-day SMA in the mid-1.10s last Friday and recorded monthly tops in the 1.1060/65 band, although it did not close above it.
  • If the pair manages to gather extra traction and clear the 55-day SMA, the next stop could be September’s peak at 1.1109.
  • Above this area emerges the 100-day SMA at 1.1139.

EUR/USD daily chart

 

Oct 14, 2019

GBP/USD flirting with daily lows, just above mid-1.2500s

The intraday selling pressure around the British Pound remained unabated through the early European session on Monday and dragged the GBP/USD pair to
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Oct 14, 2019

Eurozone industrial production outlook remains weak - ING

Even though Eurozone industrial production increased by 0.4% in August, it doesn't really seem like the industrial recession has ended just yet, notes
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