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EUR/USD Forecast: still looking for direction

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The common currency maintains the soft tone at the beginning of the week, holding near the 1.1400 level against the greenback. With no macroeconomic data scheduled in the EU, the EUR is being weighed partially by the positive tone in stocks, which opened firmer after last week's decline. Also, comments from BOJ's Kuroda, who said that the Japanese Central Bank will add stimulus if needed to put a halt to yen's appreciation, are helping the greenback today. Nevertheless, the EUR/USD pair

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