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Forex: EUR/USD keeps the easing tone

The single currency is intensifying its bearishness on Tuesday, printing fresh lows in the area around 1.3470/65 ahead of services PMI in the euro area.

Ahead in the day, EMU retail sales during December are also due, expected to contract 1.1% YoY and 0.3% on a monthly basis, followed by preliminary inflation figures in Italy for the month of January.

At the moment, the cross is losing 0.33% at 1.3469 with the next support at 1.3415 (low Jan.29).
On the flip side, a break above 1.3625 (hourly cloud base) would open the door to 1.3660 (hourly high Feb.4) en route to 1.3711 (high Feb.1).

Session Recap: Aussie hit by dovish RBA; EUR/USD at key juncture

The Australian Dollar was the main laggard during the Asian session, after the RBA monetary decision threw cold water on long players hopes to appreciate the spot rate.
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Switzerland: Trade Balance (Dec): 1B vs 2.91B in Nov.

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