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EUR/USD Forecast: still bearish, despite limited momentum

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

  1. Sandra S.

    Sandra S. Forum Member

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    The dollar started the week with a strong footing, and the EUR/USD pair extend its decline down to 1.0599, a fresh 7-month low, led by a decline in commodities' prices. The common currency has managed to post a tepid bounce afterwards, following the release of German PMI figures, showing some solid growth in the services sector, but also gains in manufacturing. For the EU, the Markit Manufacturing PMI resulted at 52.8 while the Services PMI came out at 54.4, both beating expectations.

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