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EUR/USD Forecast: downward pressure, 1.1120 critical

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Risk appetite came back during the Asian session, as the Nikkei 225 surged over 1,000 points, in spite of tepid data in the region and a slide in the Shanghai Composite after the long holiday. Chinese Trade Balance released overnight showed yet another drop in exports and imports, with the first down by 6.6% in January, and the second down 14.4%, down by fifteen month in-a-row. Anyway, European stocks opened strongly higher, leading to an EUR/USD decline below the 1.1200 level. The EUR will

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