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EUR/USD Forecast: Next stop at 50-DMA

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 23, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The EUR/USD pair ended below its 200-DMA on Monday on account of the risk-on in equities and Brexit fears. Weakness in Asian stocks due to the drop in oil prices helped the currency pair re-test 200-DMA at 1.1049, where fresh offers came-in and pushed the spot down to 1.10 handle. The weaker-than-expected German IFO business climate and expectations index also added to the offered tone around EUR. Apart from Brexit and stock market movement, the traders would also keep an eye on the bond yields

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