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EUR once again saw a significant bout of weakness

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    This week was somewhat of a quieter affair in terms of newsflow given the Thanksgiving holiday and as markets brace themselves for the slew of tier 1 releases next week. In terms of price action this week though, EUR once again saw a significant bout of weakness on Wednesday following the latest source reports that suggested officials are evaluating staggering charges on banks hoarding cash with other options including purchasing further debt. This was enough to send EUR/USD back below 1.0600

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