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EUR/USD Forecast June 9-13

From forexcrunch.com

EUR/USD had a dramatic week thanks to the ECB: falling to low support and eventually making a big comeback. Industrial production figures, ECB Monthly Bulletin and inflation data are the main events on our calendar. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Last week, the ECB made a historic move by setting a negative deposit rate of -0.10% and cutting the main rate to 0.15%. Draghi made commercial banks pay for lodging money at the ECB while giving incentives to banks willing to boost their lending to private companies. This move excludes lending to the real ... (full story)

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