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EUR/USD danger zone for further losses just under 1.0635

A note from Scotia late last week with a level to watch in the euro.In brief:EUR sentiment has been weighed by soft economic data from the Eurozone and signs from the ECB that its policy tightening cycle is complete. An overhang of long EUR positioning among investors and weak price trends suggest the near-term risk at least may be geared to more EUR losses. A move to new lows for the year (below 1.0635) would add to the weak EUR tone. This article was written by Eamonn Sheridan... Read More

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Eur

Usd

Danger

Zone

Further

Losses

Just

Under

0635

Eur usd

1 0635

Forex

Posted: Sep 18 2023, 01:40

Author Name: forexlive

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