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EUR/USD Forecast September 23-27
EUR/USD certainly enjoyed the surprising NO Taper decision by the US Fed, and jumped to a much higher range. Can the momentum continue as the focus shifts back to Europe? German Federal Elections, Flash PMIs and Draghi‘s speech are the main events this week. Here is an outlook on the market-movers ahead and an updated technical analysis for EUR/USD. Ben Bernanke and his colleagues surprised with the decision NOT to taper QE. This boosted EUR/USD to levels last seen in February as the dollar retreated. Germans go to vote this week vote in federal elections, where Angela Merkel is expected to be reelected. However, ... (full story)
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