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Bearish print added to the EUR/SEK chart

The 100-hour SMA dips below the 200 SMA, leaving a key EUR/SEK spot level on the upside.

More [Pair] traders could be joining the bearish bandwagon upon this signal, while others might chose a less vulnerable commitment by expecting the price to rise minimally to the 200 SMA and only then targetting for lower levels. A close above this all-important SMA would negate its bearish implications.

USD/CAD Bulls are losing momentum

USD/CAD Bulls are losing momentum
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EUR: ECB easing speculations bolstered by dipping inflation – MUFG

Lee Halpenny, Currency Strategist at MUFG, notes that the speculations about further easing from the ECB has been strengthened by the falling inflation in the Eurozone as the euro has weakened modestly driven both by the tentative improvement in the global investor risk sentiment.
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