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EUR/GBP stages powerful rally

Accordingly to the 1-hour MACD, the runaway EUR/GBP market has reached its highest intraday momentum of the last month of trading.

Caution is advised not to trade into a buying climax as a torrent of selling could very well ensue. This could take the form of short-term profit taking or long-term sellers joining the market. The just printed hourly MACD value shows less acceleration, an early sign of a possible plunge in EUR/GBP price action.

WTI back above $40.00

Crude oil prices have recovered the smile on Thursday, currently advancing beyond the $40.00 mark per barrel...
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After ECB: More positive outlook for the EUR - TDS

Research Team at TDS, considers that today’s ECB actions (rate cut in the deposit rate and a extension in the purchase program) could gave support to the euro.
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