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EUR/USD Forecast October 1-5 2012

From forexcrunch.com

Euro/dollar lost ground for a second week in a row, as Spain’s issues worsened. Also Greece isn’t doing that well, and the global slowdown also takes its toll. The upcoming week is the first for the last quarter of the year, and it features many events. The rate decision is the most important one. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD. Spain was the epicenter of the crisis once again: the new austerity budget is expected to be sufficient and prevent new measures when the bailout request will finally be made. The bank stress tests showed a need for 59.3 billion euros ... (full story)

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