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22 Jan 2020

EUR/USD Price Analysis: Decline looks supported near 1.1060

  • EUR/USD is bouncing of earlier 2020 lows at 1.1075.
  • The 100-day SMA/support line near 1.1060 act as solid support.

EUR/USD is struggling for direction on Wednesday, managing to regain some poise after bottoming out in new yearly lows at 1.1075.

If sellers remain in control, the pair could attempt a visit to the 1.1070/65 band, where converge the 100-day SMA and the 3-month support line.

The offered bias in the spot should alleviate somewhat above the 55-day SMA, today at 1.1090.

EUR/USD daily chart

 

Jan 22, 2020

US Dollar Index Price Analysis: Upside momentum (still) capped by 97.70

The index has so met a tough barrier in the 97.70 region, where sits the key 200-day SMA and so far yearly highs. A breakout of this area on a convinc
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Jan 22, 2020

GBP/USD advances higher toward 1.3100 on upbeat CBI data

The British pound gathered strength against its major rivals on Wednesday after the data published by the Confederation of British Industry (CBI) reve
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