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- Rising risk of ECB further rate cut deflates euro ahead of Fed
- Expected dovish stance from Fed could lift cable for clear break of 1.37 zone
- The Euro bounces on fresh risk mode, underpinned by thick daily cloud
- Bullish bias to remain intact above 10DMA
- UK unemployment rose to five-year high on second Covid-19 lockdown
- US refiners set for the worst earnings quarter in 2020
- German business morale falls to seven-month low in January as new lockdown halts economic activity
- Euro dips on weak German data, risk of recovery stall increases
- Falling and thickening daily cloud continues to weigh
- Bulls remain in play but still facing strong headwinds at 1.37 zone