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EUR/USD Forecast March 17-21
EUR/USD had a successful week, rising to a new 2+ year high, overcoming obstacles.. Where is it headed now? Inflation data, Weidmann’s speech, German ZEW Economic Sentiment and EU Economic Summit are the main market-movers. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. It seemed like smooth sailing for the common currency: fears about China didn’t really hurt it, and some global optimism sent the pair to a two year high. Yet all this didn’t last: when Draghi opened his mouth and tensions rose in the Russia – Ukraine conflict, the euro took a hit but ... (full story)