EUR/USD Forecast: bearish ahead of US GDP

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 29, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The imbalance between Central Banks finally took its toll over the EUR/USD pair. In less than a week, both the ECB and the FED, made announcements on their upcoming December economic decisions, and whilst the first announced it may consider expanding its QE, the second suggested a rate hike. The pair plunged around 450 pips and trades well below the 1.1000 figure, with a whole different fundamental scenario that the one we had before the ECB meeting. Clearly, Mario Draghi don't want an

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