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EURUSD cracks 1.1300 support; US data in focus

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD EURUSD ticks below 1.1300 support (round-figure / 20SMA / near 4-hr cloud base), on strong bearish acceleration from daily high at 1.1389, posted during Asian session. Near-term focus turned lower, as fresh bears were boosted by weaker than expected EU data. Focus is now turned towards US data, which are expected to be the key driver. Strong forecasts for Mar Core Retail Sales (0.4% f/c vs -0.1% in Feb) and Mar PPI (0.3% f/c vs -0.2% in Feb) are seen supportive for the US dollar, if

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