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EUR/USD Forecast: Silent Ahead of Key Data, Bears to Break 1.16

EUR/USD remains silent, under pressure near 50-period SMA. The EU PMIs are expected to beat the estimates, providing room to the ECB for a rate hike. Bloomberg predicts a hike in swap rates by 10 bps, but Chief economist Lane criticized it because of negative implications. The EUR/USD forecast looks towards the downside as price … Continued
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