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Euro weak and could return to 1.1370

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Yesterday’s Trading: On Monday trades in Europe finished around the level that the Asian session opened at. During the first half of the day the euro weakened against the dollar to 1.1371 due to a sharp fall in the euro/pound cross. There was no news to strengthen the pound. The dealers reckon that the demand for pounds was caused by one big order. Maybe. In the second half of the day the euro strengthened due to the general weakness of the dollar which, in my opinion, was caused by oil price

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