EUR/USD Forecast: short term upward correction before next slide

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 23, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The EUR/USD pair trades at its lowest in two months, having declined down to 1.1071 at the beginning of the day, as investors continued to sell the common currency during the Asian session. Weighed by ECB's latest economic policy statement, the common currency is bouncing from that low partially on profit taking ahead of the weekend, but also supported by some positive data coming from the EU. The Services and Manufacturing PMIs for October showed some solid growth in the region, with

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