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EUR/USD: faster SMA now above 200-hour

As the EUR/USD hourly chart illustrates, a cross in the 50-period SMA above the 200-period has been spotted.

In the current scenario, the recently printed low prices are at relatively narrow distance to the SMA juncture which is expected to withstand a collision. Buyers might take advantage of any marginal decline to place their orders.

The risk scenario is a sustained close beyond the 200-SMA.

SAR still trailing the falling USD/CHF rate

SAR still trailing the falling USD/CHF rate
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ECB's Lane: Effect of Brexit on UK economy will be measurable and negative, but not transformational

ECB Governing Council member and Central Bank of Ireland's Governor Philip Lane was on the wires, via Reuters, stating that scale of economic...
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