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EUR/USD, Oil Forecast: Two trades to watch

From cityindex.com

EUR/USD is heading higher for an eighth straight session and is looking to book modest gains across the week after five consecutive weeks of declines. Attention is on German data, with Q4 GDP figures expected to confirm the earlier reading of 0.3% quarter on quarter. However, given that this is the final reading, it's not likely to be that market moving. German Ifo business sentiment will also be released and is expected to show a very slight improvement in the business climate in February, ticking up to 85.5, up from 85.2. However, unless the survey shows a meaningful move higher, the euro is unlikely to get a big ... (full story)

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  • Category: Technical Analysis