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Marc Chandler: Sell EUR/USD to 1.20 or another lower intermediate term - FXStreet

FXStreet (Łódź) - In an interview with Dale Pinkert at FXStreet’s Live Analysis Room, Author, associate professor and independent trader Marc Chandler presents his view of the EUR/USD and USD/JPY moves.

Key quotes

"Although euro is oversold and it could bounce, he would sell it in a 200-pip rally looking for the 1.2000 or another lower intermediate term."

"Chandler sees USD/JPY heading towards 115.00 in early 2015."

EUR/GBP dared to test 0.78 support

EUR/GBP opened the day at 0.7809, touched 0.7816 high in session, and reversed the direction, sliding to current 0.7794 low, not seen from September, 25.
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AUD and NZD rally strongly overnight

The Kiwi dollar was the strongest mover of the overnight session, rallying from a low of USD0.7746 to repeatedly find resistance at USD 0.7827. The Aussie dollar also had a strong overnight session, climbing from USD0.8696 to highs at USD0.8767 up o.29 percent on the session.
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