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EUR/USD outlook: Has the single currency bottomed?

From cityindex.com

The EUR/USD was up for the third consecutive day despite the release of even more disappointing Eurozone data. And unless it finishes today’s session back below 1.0570, some 100 pips from the current levels, the EUR/USD would also finish the month on a high, preventing a hattrick of negative months. So, has the EUR/USD bottomed out? Notably, the euro was also higher on the month against nearly all her major rivals, including the GBP, JPY and CAD, as well as the antipodean and Scandinavian currencies. The EUR/GBP was on course to finish higher for the second month, while the EUR/JPY had crossed the 160.00 handle for ... (full story)

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  • Category: Technical Analysis