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EUR Trading Outlook (21-02-2014)

AUD/USD: Daily and weekly RSI continues its biased down trend. A close below 0.8910 would confirm a stronger downtrend on it. Pivot now at 0.8955, support at 0.8920-25.

EUR/USD: Daily Doji formed which showed uncertainties in EUR/USD, supported by the daily RSI. A break of 1.3674 would suggest longs starting to exit and would start targeting daily cloud base of 1.3585-95.

GBP/USD: Cable continued to tumble, hitting a low of 1.6625 close to the 200-HMA support before pushing back to 1.6655. Pivot at 1.6680 and support at 1.6540.

Back to EUR Trading Outlook Archive

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