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11 Feb 2020

EUR/USD Price Analysis: Rising bets for a visit to 1.0879

  • EUR/USD keeps the negative view near the 1.09 mark.
  • Further downside exposes the 2019 low at 1.0879.

The downside in EUR/USD looks to have met some support in the 1.09 neighbourhood in the first half of the week, or new 2020 lows.

The increasing selling bias has now opened the door to a potential visit to the 2019 low at 1.0879 recorded on October 1st.

In the broader picture, while below the 55-day SMA, today ay 1.1081, further downside should remain well on the table.

EUR/USD daily chart

 

Feb 11, 2020

GBP/JPY Price Analysis: Bulls await a sustained move beyond 200-hour SMA

The GBP/JPY cross added to the previous session's modest gains and edged higher for the second consecutive session on Tuesday. Currently trading just
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Feb 11, 2020

NZD/USD risks a decline to the mid-0.6300s – UOB

The kiwi dollar could depreciate further vs. the greenback and force NZD/USD to drop to the 0.6350 region in the next weeks, suggested FX Strategists
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