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EUR/USD Forecast June 3-7
EUR/USD advanced cautiously for a second week in a row, but eventually closed under 1.30. The focus now shifts to the euro-zone, with the all important rate decision. Will we see a negative deposit rate, or hints of one? There are quite a few additional important events. Here is an outlook on the main market-movers awaiting us and an updated technical analysis for EUR/USD. Last week, German data continued its indecisive trend: German employment numbers showed an unexpected increase of 21,000 unemployed in April, missing predictions for a 4,000 rise. Meanwhile euro-zone inflation rose to 1.4%, but this is still under ... (full story)