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Buy Euro as Decline Ends, Citigroup Says: Technical Analysis

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By Allison Bennett “There are good indications that euro-dollar may have set a low at the end of last week,” technical analysts led by Tom Fitzpatrick in New York wrote in a report. “Focus is on near term resistance at 1.3750 and a close above there would be a bullish short-term
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Eurozone concerns drag shares down 1pc

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At 12pm AEDT, the benchmark S&P/ASX200 index was down 43.9 points, or 0.97 per cent, at 4477.5 points, while the broader All Ordinaries index had fallen 43.5 points, or 0.96 per cent, to 4495.3 points. EL & C Baillieu Stockbroking director Richard Morrow said the market had a firm
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Euro to Fall on ‘Dead Cross’ Against Dollar: Technical Analysis

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By Ron Harui The European currency’s 50-day moving average, currently at $1.4324, dropped below its 200-day moving average of $1.4351 today, creating a dead-cross pattern. The euro slid 11.9 percent in less than two months after the last such cross occurred, dropping from $1.3998 on
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Oil Marks a Critical Trend Break as Sentiment Extends its Descent

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North American Commodity Update Commodities - Energy Oil Marks a Critical Trend Break as Sentiment Extends its Descent Crude Oil (LS NYMEX) -  $71.02  //  -$2.12 //  -2.90% After suffering its largest single-day decline since July Thursday, crude would put in for a
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Euro Risks ‘Leg Lower’ to $1.3405: Technical Analysis (Update1)

Feb. 4 (Bloomberg) -- The euro risks tumbling to $1.3405 should it close tomorrow below a weekly moving average, Commerzbank AG said, citing trading patterns. Euro-dollar is “sitting” on its 200-week moving average, said Karen Jones , head of fixed-income, commodity and currency

Euro Risks ‘Leg Lower,’ Commerzbank Says: Technical Analysis

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Feb. 4 (Bloomberg) -- The euro risks tumbling to $1.3405 should it close tomorrow below a weekly moving average, Commerzbank AG said, citing trading patterns. Euro-dollar is “sitting” on its 200-week moving average, said Karen Jones , head of fixed-income, commodity and currency
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