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Market Updates

12 Feb. 2018

Snapshot EUR/USD - Still no sign of a bottom , we favor a further drop to $1.2125/35 zone in the coming days!

EUR/USD Short term Outlook


Last Friday, the EUR/USD dipped briefly to a fresh multi-week low near $1.2200 before spiking to a high of $1.2296 today.


However, on the 5 mins Chart, the rally on the pair is still looking corrective, suggesting a further drop to $1.2125/35 in the coming days.


On the flip side, a move back above $1.2300 followed by $1.2404 would open the door for further gains to $1.2650.




Disclaimer: This communication is provided for information and discussion purposes only. Unless otherwise indicated, it does not constitute an offer or recommendation to purchase or sell any financial instruments or other products. AfrAsia Bank does not guarantee or warrant the accuracy, reliability, completeness of the information in this publication.