The cross accelerated sharply lower in European trading on Tuesday, falling 0.9% during the session. Much stronger than expected UK services PMI data signaled significant improvement in the activity in UK economy's dominant service sector which brightens the outlook and eases recession concerns. Fresh weakness cracked key supports at 0.8813/0.8799 zone (Fibo 38.2% of 0.8547/0.8978 […]
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