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EUR/USD Forecast Apr. 20-24
EUR/USD managed to stage a nice recovery, mostly thanks to the US dollar’s weakness. Can it continue higher? German surveys, PMIs and yet another discussion on Greece stand out this week. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The ECB made no changes and also made it clear that it is too early to talk about QE tapering or any change to the deposit rate. The determination to push on with easing despite improving conditions was euro negative on its own, but far from being enough to keep the pair down. The US dollar experienced a series of disappointing ... (full story)