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The EUR/USD took other step lower and extended losses to fresh 2-month low after the latest string of US data and ECB Draghi's speech
EUR/USD extends losses after US data
US data showed US jobless claims came in line with expectations at 336K last week, while the Q3 GDP grew by 2.8% annual pace against 2.0% expected. Also Draghi's dovish words contributed to the EUR/USD bearishness, with the pair breaking below the 100-day SMA at 1.3340 and the 1.3300 psychological level toward a low of 1.3295 so far.
EUR/USD levels to watch
Immediate support is now seen at 1.3253 (Sep 13 low) followed by 1.3215 (200-day SMA). On bounces, EUR/USD could find resistances at 1.3340 (100-day SMA) and 1.3400
EUR/USD extends losses after US data
US data showed US jobless claims came in line with expectations at 336K last week, while the Q3 GDP grew by 2.8% annual pace against 2.0% expected. Also Draghi's dovish words contributed to the EUR/USD bearishness, with the pair breaking below the 100-day SMA at 1.3340 and the 1.3300 psychological level toward a low of 1.3295 so far.
EUR/USD levels to watch
Immediate support is now seen at 1.3253 (Sep 13 low) followed by 1.3215 (200-day SMA). On bounces, EUR/USD could find resistances at 1.3340 (100-day SMA) and 1.3400
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