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Forex: EUR/USD indicates additional near-term losses likely - BBH

With EUR/USD last at 1.3372 and mostly all Asian markets closed over holiday, Global Head of Currency Strategy at Brown Brothers Harriman, Marc Chandler, believes now that with “the poor close before the weekend, which includes two successive closes below the 20-day moving average for the first time in three months, indicates additional near-term losses are likely.”

The analyst adds: “A break of $1.3350, which held on Friday, could spur a move toward $1.3220-$1.3270. Trend line support and retracement objectives are cluttered in that area. However, we recognize that a convincing break of $1.32 would open the door for another two cent slide. A move back above the $1.3400-50 would improve the technical tone and suggest the correction is over,” Marc concludes.

Forex Flash: AUD/USD should find support below 1.0300 - Westpac

According to Sean Callow, FX strategist at Westpac, "following lacklustre retail sales and employment data plus RBA commentary last week, we are very much on alert for the RBA’s next move, with pricing for a 2.75% cash rate on 5 March rising to 50% (-50bp by Oct)."
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Forex Flash: EUR net longs hold strong - Nomura

Net longs in the euro went up for a fourth straight week last week. The data collected was two days before ECB's President Draghi made a smart verbal intervention on the Euro, causing the currency to sell-off.
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