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Forex pairs in this Article » EUR/USD
FXStreet (Edinburgh) - The demand for the single currency remains subdued on Thursday, taking the EUR/USD to the area of 1.3680/75 amidst a context of increasing risk aversion.

In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, “Near term support at 1.3685 (Fridays low) has been eroded for losses to the 55 day ma at 1.3658, rebounds from here are considered to be temporary and likely to terminate at 1.3710/15. We look for a slide back to the 1.3562, 12th February low and then the 1.3526 3 month support line”.

According to Analyst Lars Christensen at Danske Bank, “EUR/USD is once again back below 1.37 and with growing expectations that the ECB will ease monetary policy as early as March, the peak in EUR/USD might have been seen for now”.
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