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Forex Daily Updates  Reply with quote  

EUR/USD: Bullish hammer, Italian risks could keep a lid on gains

EUR/USD created a bullish hammer on Monday, awaits confirmation (positive follow-through).
Italian political risks could cap upside in the EUR/USD pair.
By- Fx Street
Post Tue May 22, 2018 4:55 am
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Post Sun Jul 08, 2018 10:09 am
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EUR/USD could hit 1.15  Reply with quote  

This week is extremely important for EUR/USD as it could decide whether the pair bottoms or hits a new low. The latest PMI activity reports will be released along with the European Central Bank’s monetary policy announcement. Having just announced the tapering of asset purchases in June, no changes are expected but as usual, their guidance is key. In live forex rates have EUR/USD direction will depend upon his emphasis – if it's on low rates, EUR/USD could hit 1.15 but if he focuses on the positive data trend, EUR/USD could find its way back to 1.18.
Post Mon Jul 23, 2018 10:53 pm
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Post Sat Aug 03, 2019 7:15 am
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