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SEB: EUR/USD rechecked the neckline - eFXnews

FXStreet (Łódź) - The eFXnews team note that the SEB points to EUR/USD's rebound from yesterday's low of 1.2545 to recheck the break of the “neckline."

Key quotes

"If managing to take out 1.2545 we should also see an almost immediate extension south passing 1.2501 (targeting next 1.2335 (161.8% of the mid Oct decline) – 1.2322 (h&s target)."

"If not managing to break lower will open for an alternative wave count, a bear triangle and as such a bounce toward 1.27/28 will take place before breaking lower, targeting the same area as in the primary scenario."

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Markets surprised by new round of BoJ stimulus - BTMU

Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ comments on the BoJ's decision today to ease monetary policy further, which prompted a sell-off in the JPY.
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India Federal Fiscal Deficit, INR climbed from previous 3979.29B to 4388.26B in September

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