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EUR/USD Outlook July 30 – August 3 2012

From forexcrunch.com

Euro/dollar fell even further as the crisis deteriorated but recovered from the abyss as bold statements were made by Draghi and other figures. It is now delivery time in a very critical week for the euro. Apart from the highly anticipated rate decision, the calendar is packed with events . Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD. Greece unsurprisingly missed most of its targets, Spanish regions are falling one by one, and Italy is getting closer to elections. Unsustainable bond yields became even more unsustainable. It is always darkest before dawn, and Draghi can ... (full story)

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