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EUR/USD: no strength, led by oil again

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD Current Price: 1.0874 View Live Chart for the EUR/USD The EUR trades slightly higher this Monday, rather finding support in falling oil prices than anything else. The commodity eases as news earlier in the day, spurred risk aversion as the release of the Chinese official PMI survey for manufacturing slipped to 49.4 in January, from 49.7 the month before and short of forecasts of 49.6. In Europe, local PMIs came out mixed, as the German reading resulted at 52.3 against the 52.1 expected

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