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EUR/USD Forecast August 11-15
EUR/USD fell to lower ground but yet again staged a late recovery to minimize its losses, remaining within the narrowing channel. Will this pattern continue? GDP numbers and a key German survey are the highlights of a busy week. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. ECB President Mario Draghi gave a little for everybody in his press conference: on one hand, he continued seeing inflation returning back to course and was not worried about growth, that looks weak in his country, Italy. On the other hand, he did stress that preparations are intensifying towards a ... (full story)