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The German DAX plunged 248.97 points

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD After hitting fresh highs versus the euro and the pound during the European session, the US dollar gave up most of its early gains as it took a hit from disappointing economic data. US Markit services PMI fell to 49.8 in February, below the 53.5 expected. Meanwhile, new home sales dropped by 9.2% in January, much more than the expected fall of 4.4%.EUR/USD bounced from a 3week low of 1.0957 and regained the 1.1000 level, erasing almost completely intraday losses. However, the pair

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