Bears take on bullish commitments at key structureEUR/USD is on the back foot as the market looks for safer havens due to the covid concerns sweeping through Europe.
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Daily recommendations on majorDespite resumption of recent downtrend to a fresh 16-month trough of 1.1250 Fri due to Covid concerns in Europe
EUR/USD turns red, risk of more downsidesLooking at the 4-hours chart, the pair even settled below the 1.1350 zone, the 100 simple moving average (red, 4-hours)
EUR/USD suggesting a primary downtrendThe US dollar, according to the dollar index, cruised to fresh 2021 pinnacles last week at 96.24. Despite this and irrespective of registering
Currency market:EUR/USDCurrency prices enter a fairly horrible week ahead as ranges are non existent and driven by proximity to 5 year averages.
EUR/USD Outlook No Brighter For Week Ahead Despite Savage FallsThe argument that “you should never try to catch a falling knife” was in widespread use last week as traders watched EUR/USD drop.
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