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EUR/USD stages crushing decline

The 1-hour EUR/USD MACD series is sitting at extreme lows.

Recent plummeting EUR/USD price action has been highlighted by an above-average distance between MACD and its signal line. From a strategic standpoint, there could be further stomach-churning dips to endure, as well as brief relief rallies. The latest MACD print shows dissipation of downside momentum, thus reinforcing the second scenario.

USD/CHF powerful rally threated

USD/CHF powerful rally threated
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RBA rate cut talk lingers - Westpac

Sean Callow, Sydney, Westpac Global Markets Strategy Group explained still, it is understandable that markets prefer to lean towards further RBA easing, given the ongoing deceleration in China and related commodity outlook discussed above.
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