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EUR/USD Forecast: bears retain control

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 18, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The European opening brought another round of dollar's buying, and the EUR/USD pair gave back all of the gains achieved during the Asian session, falling down to 1.0804. The only piece of data released in Europe shows that In October the current account of the euro area recorded a surplus of €20.4 billion, well below the previous €29.4 billion, but the report is hardly a market mover. Later today, the US will release its preliminary December Markit PMI readings, expected below November

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