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Forex pairs in this Article » EUR/USD
FXStreet (Edinburgh) - The selling interest is gathering steam around the EUR on Wednesday, pushing the EUR/USD to multi-day lows near 1.3660.

EUR/USD in 2-week lows

The pair continues to give ground as the greenback gets stronger, now falling to test 2-week lows in the region of 1.3660. “As speculation mounts ahead of next week's ECB meeting, talk of a rate cut has increased, even if not seen in the euro itself. There is some speculation that the ECB, which says it is technically prepared and that all options are on the table, will cut the deposit rate, which is now at zero”, commented analysts at BBH.

EUR/USD levels to watch

At the moment the pair is down 0.51% at 1.3668 and a breakdown of 1.3652 (daily cloud top) would target 1.3646 (21-d MA). On the upside, the initial hurdle lines up at 1.3768 (high Feb.25) ahead of 1.3773 (high Feb.19) and then 1.3796 (76.4% of 1.3894-1.3477).
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