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EUR/USD Forecast August 12-16
EUR/USD had a positive week, breaking long term resistance. Will it continue marching forward? German ZEW Economic Sentiment and GDP releases are the main events on our calendar. Here is an outlook for the main events of the week and an updated technical analysis for EUR/USD. Strong data was released for the Eurozone’s locomotive, Germany; trade surplus topped market expectations industrial output soared 2.4%. The GDP expectations are now very high. Will Germany keep the euro on high ground? In the US, positive signs and taper talk hardly stopped the fall of the dollar.Let’s Start Updates: EUR/USD daily chart ... (full story)
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