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EUR Trading Outlook (24-02-2014)

AUD/USD: AUD/USD failed to stay above the 10DMA for the second consecutive day, bulls are slowly exiting in early European session. Bearish daily and weekly RSI supports the view of a downtrend forming. Resistance still at 0.9085/0.9100.

EUR/USD: Bulls are still holding up as the pair held above daily cloud and 10 DMA. A break of 1.3775 and 1.38 would push up another rally. Daily RSI supports the view but yield spreads are not intune. Yield differentials need to be reduced for a possible test of late December highs.

GBP/USD: Resistance at 1.6740 and 1.6760. Support at 1.6540.

Back to EUR Trading Outlook Archive

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