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Lambert: Easing EURUSD lower

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The euro continues to weaken against the US Dollar, ahead of the European Central Bank’s quantitative easing programme which begins today. Clive Lambert from FuturesTechs notes that EURUSD has not been at current lows since September 2003. Last Friday’s strong non-farm payrolls data pushed the dollar index higher, after the US added 295,000 jobs well above the 240,000 estimate. With USD at an 11-year high, Clive is expecting further weakness out of EURUSD and is planning to short any rally within the USD 1.0925-35 range. He is targeting a move towards USD 1.0765 with a stop located at USD 1.1000.

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