2:38 PM · 18 February 2020

BREAKING: EURUSD breaks 1.08!

There’s no relief for the euro – the currency is down for the 5^th straight trading day against the dollar and the EURUSD has just broken 1.08, the level unseen since April 2017. The data flow remains unfavorable for the pair – European car sales data for January was weak while the NY Fed index rose to the highest level since May’19. EURUSD remain in a downward channel and the next horizontal support can be found at 1.05.

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