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EUR/USD got hit by the news

EUR/USD got hit by the news

Information is not investment advice

EUR/USD met resistance at 1.1450 and turned lower. The euro was weakened on Friday by the weaker-than-expected PMI data for the key economies of the euro area. The pair broke below yesterday’s low at 1.1340, went under the 100- and 50-day MAs and may now head to the lower levels at 1.1270 and 1.1235.

The euro is weakening versus other currencies as well. Take a special look at EUR/CAD as Canada releases economic data later today and forecasts are well.

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EUR/CHF: don’t trust the euro

The upside of EUR/CHF has so far been limited by 1.0975. On Monday, the pair slipped below 1.0940 resuming the decline that started last week.

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