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EUR/USD: saved by profit taking, risk remains to the downside

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current Price: 1.1129 View Live Chart for the EUR/USD Friday began with a firmer American dollar, but the greenback softened as US stocks trimmed losses and investors took some profits out of the table ahead of the close. Stronger US inflation data gave the dollar a lift early in the US session, as US CPI for January came in stronger than expected, with the headline rate unchanged on the month, and the core rate rising by 0.3%mom. Headline inflation in January is now double that

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