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EUR/USD Outlook – August 15-19

From forexcrunch.com

Euro/dollar managed to remain at the same levels, but it was very very choppy. The upcoming week consists of important GDP and inflation numbers, important for the next rate decision. Here is an outlook for the European events, and an updated technical analysis for EUR/USD. Trichet’s intervention in the markets finally came and helped the debt crisis get off the headlines, and helped the euro stabilize. Ben Bernanke helped in stabilizing as well, by pledging not to move the rates for two years. Has the extreme volatility ended? Or is it around the corner? # German GDP: Tuesday, 6:00. After France published its GDP ... (full story)

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