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Friday's decline reaffirms downside pressure on EUR/USD for a sell into strength

From hantecfx.com

Markets are taking a pause for breath on Monday morning after the monetary policy fuelled strong moves that closed last week. There is a light economic calendar today and uncertainty over talks between the US and Iran, whilst also with a crucial OPEC meeting on Thursday, traders appear reluctant to commit themselves. With Wall Street just losing a bit of headway into the close this has just taken the steam out of the rise and European markets have reacted accordingly. Asian markets though have all reacted strongly higher to play catch up after the China rate cut came after the close on Friday. However, there is a ... (full story)

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