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Forex pairs in this Article » EUR/USD
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank suggested that the EUR/USD short‐term technical are bullish.

Key Quotes

"EUR is down 0.1%, having fallen after reaching a fresh 1‐month high in the Asian session. News flow was somewhat limited."

"The Bundesbank’s Weidman suggested that disinflation driven by oil prices isn’t as concerning as by falling expectations; while the outlook is for subdued inflation it is not deflation. ECOFIN continues to discuss the framework of the single resolution mechanism (SRM), with a long road still ahead. Tomorrow’s PMI is a risk; but it is the release of CPI on February 24th that will be the key driver of ECB policy and EUR."

"EUR/USD short‐term technicals: bullish—all studies remain in buy territory but the ADX is suggesting a general lack of a trend; implying that EUR is likely to remain comfortable within its recent 1.34 to 1.39 range."
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