Euro fell to its lowest in almost two months against the dollar on concern a report tomorrow will show European producer prices slid for a fifth month, giving the region’s central bank more reason to cut interest rates.
tech view feb 02
EURO R1: 1.2830 S1:1.2620
R2: 1.2850 S2:1.2590
chart pattern hints towards a bear note . Trading range for the day is expected between 1.2640-1.2810 levels for the day. Momentum is seen trending up giving a small upward correction. Stochastic is seen trending down.
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