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EUR/USD Forecast Feb. 2-6
EUR/USD managed to stabilize after the Greek elections in the last week of a turbulent month. Has it bottomed out or is gravity here to pull it lower? PMI figures are the highlights of the first week of February. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Anti-austerity SYRIZA swept into power in Greece: while the bank stocks in Athens are suffering, the euro managed to bounce back quite quickly. An advance in German employment and business confidence together with good figures from Spain supported the common currency. However, deflation is deeper than expected, ... (full story)