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EUR/USD Weekly Forecast February 27-March 3

The euro ended the week lower against the dollar, with EUR/USD closing Friday at 1.0560, a loss of 0.45% over the prior Friday’s close. Last week started off on a quiet note, however, sellers stepped in on Tuesday despite the ...

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EUR/USD: Data Points And Technicals

Yesterday’s FOMC meeting minutes demonstrated the Fed’s hawkish mood as far as a march rate hike is concerned. Nevertheless, the minutes failed to support the US dollar. The EUR/USD was decreasing to 1.0493 before noon, but in the afternoon restored ...

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EUR/USD fails to hold to gains and retreats below 1.0600

EUR/USD pulled back during the American session and erased daily gains, falling back into negative territory for the week. The pair failed to hold above 1.0600 and dropped to 1.0565. The decline from 1.0617 found support around the 1.0560/65 zone.

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EUR/USD to Rise as Meat of Dollar Rally is Behind us says ABN Amro

Further upside gains for the US Dollar is looking increasingly unlikely according to findings by ABN AMRO Bank NV. Accordingly, analysts have written to clients saying they have changed their forecasts for the Dollar against the Euro. “Although there could ...

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EUR/USD Forecast: no love for the EUR

The EUR/USD pair closed the week in the red sub-1.0600, although off its weekly low of 1.0520, as the dollar lost momentum following FOMC’s Minutes and comments from US Treasury Secretary Mnuchin. Many US policy makers vowed for a rate ...

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EUR/USD takes a sharp U-turn, reverses daily gains ahead of US data

The EUR/USD pair witnessed a sharp retracement from multi-day tops beyond 1.0600 handle and has now reversed all of its daily gains, dropping closer to session low near 1.0575-70 band. A modest greenback recovery, with the key US Dollar Index ...

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EUR/USD spikes through 1.0600 handle but lacking follow through momentum

The EUR/USD pair gained fresh traction during early NA session and is now building on to the momentum back above 1.0600 handle. The key US Dollar Index extended previous session’s decline and has been the key factor lifting the pair ...

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FxWirePro:EUR/USD trade idea

EUR/USD formed a minor bottom around 1.04938 on 22nd Feb 2017 and recovered sharply from that level . The pair breaks slightly above 1.06000 handle and jumped till 1.06177 at the time of writing.. Intraday trend is slightly weak as ...

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Euro Set for Third Weekly Decline; Further Losses Seen Limited

ABN Amro have lifted their 2Q EUR/USD forecast to 1.05 from their earlier call of 0.95 “At the moment the dollar is not profiting much from stronger U.S. data and hawkish Fed comments, which signals that market is already overly ...

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EUR/USD Testing Resistance at Falling Trendline

The dollar remains under pressure today, helping lift EUR/USD to modest gains. The pair is currently trading at 1.0590, a gain of 0.09% over Thursday’s North American close. As a result of the recovery underway since Wednesday, EUR/USD is testing ...

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