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  1. Euro Forecast: bullish breakout by 1.1626 resistance level to be crossed; waiting for retracement

    by , 07-25-2020 at 02:30 PM
    The agreements by EU leaders on a budget and a recovery fund have given EUR/USD a boost and prepared the ground for a further advance that could take the pair back to its autumn 2018 highs. However, traders should watch out for a possible retracement first as the pair is now technically overbought.

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    Having broken above the 1.15 level, EUR/USD is well placed to challenge the 1.1621 high reached in October 2018. However, a pullback is possible ...
  2. Euro/USD: daily bullish ranging for direction

    by , 07-05-2020 at 11:20 AM
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    The European Council President is expected to propose a more modest EU budget this week. The Council is hoping EU leaders will agree to it at a summit later this month but wrangling over how best to help the weaker members from the Covid-19 pandemic will likely continue. Unless the EU governments can sort out their disagreements soon, a drop is likely in EUR/USD in this years third quarter.

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  3. Germany's investor confidence rebounded at record rate in June

    by , 06-24-2020 at 01:45 PM
    Quote Originally Posted by TheNews View Post
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    Germany's investor confidence rebounded at record rate in June as lockdown restrictions imposed to slow the spread of the coronavirus were eased across Europe, survey data from the ifo institute showed on Wednesday.

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  4. EUR/USD Outlook

    by , 05-24-2020 at 11:30 AM
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    The long-term outlook for the Euro has been boosted significantly by a Franco-German proposal for a 500 billion coronavirus Recovery Fund, even though an agreement is not yet close.

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  5. German ZEW Economic Confidence Strongest Since 2015

    by , 01-21-2020 at 12:30 PM
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    German economic confidence strengthened to the highest level since 2015, survey results from the ZEW - Leibniz Centre for European Economic Research showed Tuesday.

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