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What’s next for the EUR/USD?
From dailyforextradingedge.com
Traders globally have watched the EUR/USD ricochet from the July 12 low at 1.3835 to the recent high at 1.4282 made just one day later. What should traders take away from the sharp rally in a pair that has nothing but pessimistic news daily? Continued debt concerns overshadow every move in the EUR/USD. None of the solutions seem to instill a long-term confidence and thus the forecasts are all calling for dramatically more downside in the pair before the debt crisis is over. Past performance is not indicative of future results The daily EUR/USD continues to trade in a volatile sideways range and despite the strong ... (full story)