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EUR/USD Forecast: Bullish RSI divergence ahead of US durable goods data

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 25, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The EUR/USD pair recovered from the low of 1.0957 to trade above 1.10 levels on Wednesday as slid in oil prices pushed US equities lower and triggered carry unwind. But, further gains were capped following the oil-led recovery in stock markets. Asian equities traded mixed, while European equities rallied today, thereby restricting the gains in the pair at 1.1039 levels. US durable goods data needs to influence equities The Fed rate hike bets are more sensitive to the financial market volatility

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