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FxWirePro: EUR/USD upside capped by 20- day MA, good to buy on dips

Major support  - 1.1300

EURUSD has recovered almost 150 pips from the yeterday’s low of 1.13944 on account of Donald Trump’s comment on Fed rate hike. Trump in his interview has criticized US central bank fed rate hike . There was broad based selling USD after Trump’s interview.The rising yield spread between German and Italy doesn't have much impact on Euro. The pair hits high of 1.15442 at the time of writing .

The near term resistance is around 1.1550 (20 day MA) and any break above targets 1.1600/1.1645 (55- day EMA).

The near term major support is around 1.1500 and any break below targets 1.145 (10- day MA)/1.13800. Major weakness can be seen only below 1.1300.

It is good to buy above 1.1500 with SL around 1.1450 for the TP of 1.1645.

 

 

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November 16 21:00 UTC Released

UST Flows,Incl.Swaps

Actual

16.7 Bln USD

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Previous

111.5 Bln USD

November 16 21:00 UTC Released

USOverall Net Capital Flows

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-29.1 Bln USD

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108.2 Bln USD

January 31 00:00 UTC 418924418924m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 418924418924m

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January 22 19:00 UTC 430744430744m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 418924418924m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 430744430744m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 418924418924m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 418924418924m

ARAnnual Primary Balance*

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2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 418924418924m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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