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EUR/USD Forecast Oct. 27-31
EUR/USD had an interesting week, amid speculation about central bank action on both sides of the Atlantic. A very busy week awaits us: the stress test results, Germany’s IFO survey and the all important inflation figures are set to dominate. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Speculation that the ECB would begin buying corporate bonds hurt the euro and countered a continued USD correction. German PMIs gave a boost to the common currency, but France is not playing along. Worries about growth are certainly present. In the US, data was generally positive, ... (full story)