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EUR/USD Forecast July 21-25
EUR/USD lost ground in a week that saw the odds turn against it. The Bundesbank Monthly Report, Manufacturing and Services PMIs and the German Ifo Business Climate 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. Germany’s ZEW Economic Sentiment registered another slide, reaching a disappointing 27.1 - a 19 month low. Increased geo-political risks in form of the Ukraine crisis as well as more worries from Portugal also weighed on the common currency. In the US, Yellen’s testimony helped the dollar just a bit, as US data was ... (full story)
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