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10 Feb 2020

EUR/USD Price Analysis: The bearish view remains intact and targets 1.0879

  • EUR/USD keeps the negative view despite Monday’s tepid gains.
  • Further downside exposes the 2019 low at 1.0879.

EUR/USD met some decent support in the area of 2020 lows in the 1.0945/40 band.

The increasing selling interest has now opened the door to a potential visit to the 2019 low at 1.0879 recorded on October 1st.

In the broader picture, while below the 55-day SMA, today ay 1.1084, further downside should remain well on the cards.

EUR/USD daily chart

 

Feb 10, 2020

More than 300 Chinese firms seeking $8.2 billion in bank loans to counter coronavirus – Reuters

More than 300 firms in China are looking to receive bank loans totalling 57.4 billion yuan ($8.2 billion) to help them battle against the negative imp
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Feb 10, 2020

GBP/JPY refreshes session tops, eyeing a move beyond 142.00 mark

The GBP/JPY cross climbed to fresh daily tops during the mid-European session, with bulls now looking to extend the momentum further beyond the 142.00
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