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EUR/USD Forecast May 4-8
EUR/USD stormed higher, breaking resistance and hardly stopping to breath. Can this impressive rally continue? PMIs are among the important releases in a busy week that will also have one eye on Greece. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Greek jitters continued rattling markets. Reports about despair and compromise in Greece helped the common currency, as did hopes for a solution even before the deadline. The rise in German bunds and a squeeze of EUR/USD shorts also helped on the European side, where the euro ignored weak euro-zone data.. In the US, poor ... (full story)
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