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Euro/Dollar: Market Waiting for ECB outcome & Draghi Press Conference

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Hourly Yesterday’s Trading: Volatility on the currency market on Wednesday was very high. The euro and pound updated new minimums against the USD. The rates were down due to weak UK (construction PMI) and Eurozone (CPI) data. The Swiss franc strengthened against the dollar with participants trying to avoid riskier currencies. Support for the dollar came from a US labour market report during the American session. The data from Automatic Data Processing Inc. (ADP) showed a November growth in

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