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Eurozone economic sentiment deteriorates further

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Euro Highlights Eurozone economic sentiment deteriorates further EU exit set to dominate news for months Sterling - Euro (GBPEUR) FX Technical Analysis There has been a sharp depreciation of the Sterling Euro exchange rate by more than 10% in the past two months. This dominant downtrend continued in February and as a result a new 14th month low was made. The momentum indicators were close to being oversold and after a weaker inflation reading from the Eurozone, the suggestion is once again

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