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EUR/USD Forecast February 24-28
EUR/USD reached out to higher ground, riding on uptrend support, but did not close at the highs. German Ifo Business Climate, German Retail Sales, and the all-important inflation figures are the main market movers this week. Here is an outlook on the major events and an updated technical analysis for EUR/USD.. The euro already made a nice break to a 6 week high, but could not sustain the gains. Worse than expected French PMIs. German sentiment and attempts to talk down the euro had temporary effects and provided dip buying opportunities. However, the growing notion that the ECB could act while the Fed isn’t likely ... (full story)
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