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17 Mar 2020

EUR/USD Price Analysis: Rising bets for a move to 1.0992

  • EUR/USD regains selling interest and tests the 1.10 mark.
  • Immediately on the downside now emerges the 1.0990 region.

The offered bias in the euro has picked up extra steam on Tuesday and forced EUR/USD to come down and re-visit the 1.10 neighbourhood, or new 3-week lows.

While below the 55-day SMA, today at 1.1053, the pair is expected to keep the negative view unchanged.

Against this backdrop, the next support of significance is located at 1.0992 (January’s low) ahead of 1.0981 (November 2019 low).

EUR/USD daily chart

 

Mar 17, 2020

USD/JPY: Neutral-to-bullish in the short-term

USD/JPY is neutral-to-bullish in the short-term as critical resistance sits at 108.00. Valeria Bednarik, a Chief Analyst at FXStreet, examines the USD
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Mar 17, 2020

GBP/USD plummets to over 6-month lows, sub-1.2100 levels

The GBP/USD pair tumbled to over six-month lows in the last hour, or levels below the 1.2100 round-figure mark, albeit quickly recovered a few pips th
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