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EUR/USD Forecast May 12-16
EUR/USD had an exciting week, getting very close to 1.40 before crashing German ZEW Economic Sentiment, GDP data, Industrial production and final inflation figures are the major events on our calendar. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. The ECB did not touch the interest rates and Draghi read out only known mantras in the written statement and EUR/USD got closer to 1.40. But then came the bomb: a move in June is something “the ECB is comfortable with”. This sent the euro plunging down. Was this yet another trick to push the value of euro down? Learning ... (full story)
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