Technical Analysis

EUR/USD falls to 1.1400

EUR/USD down 50 pips from the highs

The euro is underneath some sudden strain because the US greenback catches a broad bid. Draghi reemphasized disappointing financial knowledge in his speech at the moment. German GDP met the 1.5% consensus however there’s a perception it is going to be revised decrease as soon as the hunch in December turns into clear.

With at the moment’s decline, the euro is close to final Tuesday’s lows and the 55-day transferring common.

There’s clearly a ‘sell-Europe’ theme transferring by way of markets now with Brexit voting set to start out in two-and-a-half hours.

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