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EUR/USD Forecast: favored by dollar's weakness

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The American dollar is still under pressure against most of its rivals, but the common currency refuses to advance, shedding its overnight gains at the beginning of the European session. The pair surged to a daily high of 1.1283 during the Asian session, meeting sellers in the daily descendant trend line coming from 1.1713, August monthly high. The pair decline as local share markets opened with a soft tone, while German Industrial Production in August fell 1.2%, against expectations of a 0.2%

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