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EUR/USD Forecast Dec. 15-19
EUR/USD experienced new lows but made a big comeback, riding on USD weakness . In the last full week of the year, we have a busy schedule with PMIs, important German surveys and final inflation data among other events. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The second tender of the ECB’s TLTRO fell short of expectations, at just under €130 billion. Together with unimpressive other measures, it seems that QE in the euro-zone is imminent, perhaps already in January. Industrial output and some second tier inflation figures also came short of expectations. ... (full story)