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EUR/USD Sentiment of Major Banks

From fxclub.com

The EUR/USD currency pair has been staggered in a well-developed range for a prolonged period of time. Weak economic conditions in both the United States and the Euro-zone have allowed the EUR/USD currency pair to trade in a 1.42 to 1.47 range for nearly half a year. In turn, it is prudent to check the rationale of big bank analysts to where the currency pair will head. In the first chart pulled from Bloomberg Terminal, we find that the consensus of analysts believe that the EUR/USD currency pair will remain between 1.37 and 1.50 for the remainder of 3rd quarter of 2011, a first standard deviation. A first standard ... (full story)

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