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EUR/USD Long Term Technical Analysis February 2020
Brexit is the reason Euro under pressure or is it the strength in the U.S dollar? We think there is more condition that caused EUR/USD to move lower below 2019 low. The world currently facing coronavirus outbreak in China which spread across the world. Base on the statistic, there is slowing down in rate of death and infection. If the virus could be contained then the market might have ground to recover. We have announcement of lower growth forecast and possible incoming recession. The news is not great and should trigger a flight to safe-haven currencies such as U.S Dollar, Japanese Yen. Traders will continue to ... (full story)