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Euro/Dollar: Expected Drop to 1.0861 by Europe's Close

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Hourly Yesterday’s Trading: The USD on Thursday managed to break its two-day falling habit. The euro/dollar bounced from the LB at 1.1042 to 1.0924. The forecasted data for initial unemployment benefit applications in the US was exceeded and this held back the pair. The number of for initial unemployment benefit applications in the US for the week ending 05/12 was 282k (forecasted: 269k, previous: 269k). Main news of the day (EET): 9:00, German November CPI; 11:30, UK consumer inflation

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