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EUR/USD: Weekly Forecast 4th June - 10th June
The EUR/USD remains within the lowest realms of its one-month price range. Having touched a low of nearly 1.06375 last Wednesday, the EUR/USD challenged values seen in the third week of March. Yes, the EUR/USD did climb higher later on Wednesday as it correlated to the broad Forex markets, but it also went into the weekend within sight of its mid-term depths. On Friday the EUR/USD was trading near a high around the 1.07800 level but was pushed backward like the broad Forex market. Economic data from Germany remains troubling as recessionary pressures seemingly mount within the nation. However, the reason the EUR/USD ... (full story)