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EUR/USD Forecast: Downward correction underway, 1.1245 key

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The EUR/USD pair retreats from its recent highs and stands at fresh daily lows in the 1.1250 region, down in the European session, as Peter Praet, executive board member and chief economist of the ECB has cooled off speculation that the ECB has burned all the bullets, saying in an interview that they can still cut rates further. In fact, Draghi said the same in the press conference that followed the latest announcement, but he also added that the ECB is quite reluctant to keep cutting, which

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