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Technical Analysis EURUSD : 2016-02-22

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US economy may overperform European January inflation came out in US on Friday. It twice exceeded the December reading being 1.4% year on year while the core consumer price index (ex. energy and food) showed the highest growth since August 2011 at 0.3%. Higher inflation in US raises the chances for Fed interest rate hike and pushes up the US dollar and dollar index. In this review we will focus on the euro against US dollar rate. Will the pair continue weakening? Strong data for dollar came out

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