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Euro bears reining in the markets
FXstreet.com (Barcelona) - A change in the main trend that prevailed until recent sessions seems to have started gathering pace amongst euro traders. Solid prove of that was illustrated in the stubbornness of the EUR/USD after today’s notable improvement in February German IFO series, which remained stuck around 1.3200/20 and just moving a few pips in the wake of the release. The European Commission growth forecasts, as expected, left no room for surprises, so it seems EU officials have their both feet on the ground this time.
Surely the single currency would be more concerned (should be) about the Italian elections due over the weekend and the US ‘sequester’ that kicks in on March 1st.
Surely the single currency would be more concerned (should be) about the Italian elections due over the weekend and the US ‘sequester’ that kicks in on March 1st.
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