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EUR/USD Extends Plunge as Euro Stagnates and Dollar Surges

Discussion in 'Technical Analysis' started by Kaitlin, May 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    With the German ZEW economic sentiment coming out significantly lower than expected on Tuesday (6.4 vs 12.1 expected), and the US dollar continuing to surge based on renewed expectations of a near-term Fed rate hike, the EUR/USD has not had much reason to rise as of late. Economic stagnation in[​IMG]

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