EUR/USD - 1.3457.. Euro is taking a breather after o/n steep selloff to 1.3443 (AUS), however, don't hold your breath as euro's descent is not done - European traders have not reacted to the Fed's surprise after-market discount rate hike. The recovery fm said intra-day low was brief n euro took another bashing fm renewed selling at 1.3509. Price shud move lower albeit at a slower pace to chart obj. at 1.3422 n 1.3405 (see daily technical outlook). Unless the upcoming slew of data for Germany & EU show unusual strength, euro is heading south.
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