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Euro suffered biggest single-day drop in nearly two months – EUR/USD Market Outlook – 14/10/2020

The Euro suffered its biggest single-day drop in nearly two months after the Economic Sentiment in EU & Germany contracted by much more than anticipated. Additionally, investors fled into the greenback in search for safety as subdued inflation in the US & EU added to concerns about economic growth. Today, the rush to safety could continue if the sell-off in equities resume its course.

Support: 1.1730 / 1.1685
Resistance: 1.1770/ 1.1795

SquaredFinancial Daily Market Outlook

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Wednesday, 14 Oct, 2020 / 7:49

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Source : https://www.squaredfinancial.com/learn/daily-market-outlook/euro-suffered-biggest-single-day-drop-in-nearly-two-months-eur-usd-market-outlook-14-10-2020

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