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EUR/GBP below 0.7200 and bearish - Commerzbank

FXStreet (Guatemala) - Following the dovish ECB, Karen Jones, chief analyst at Commerzbank explained the technical picture for EUR/GBP.

Key Quotes:

"Following the markets recent rejection from 0.7492 we continue to view that as an interim top. We are bearish and once below 0.7198 we shall consider that the market is on track for 0.6937 July low (favoured). We do have a 13 count on the 240 minute chart and would allow for a rebound to 0.7250/95 ahead of further weakness."

EUR/USD keeps making fresh lows, still above 1.1000

EUR/USD continued to move to the downside during the American session and printed a fresh 2-month low at 1.1006. It was trading near the lows, at 1.1015, down 0.80% for the day, still under pressure.
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Market will turn back to US fundamentals - TDS

Following the ECB showdown and China's cut, analysts at TD Securities explained that they think the market’s attention will soon revert back to a focus on USD fundamentals.
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