Forex Forecast EURUSD: Euro Expected to Rise to 1.0900. January, 22 2016

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Yesterday’s Trading:
The European trades on Thursday saw the euro/dollar head from 1.0866 to 1.0921 after the ECB had convened. The euro/dollar fell 148 points during Draghi’s speech to 1.0773. The ECB left rates unchanged and Draghi announced that negative risks to the economy are on the rise. Due to falling oil prices, inflation will remain low for a long time and could drop further.

Forex Forecast EURUSD: Euro on the Rebound Due to ECB Meeting Expectations. January, 21 2016

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Yesterday’s Trading:
My Wednesday expectations for the euro came off in full. The U-turn for the euro/pound after UK stats came out piled pressure on the euro/dollar. The rate fell to 1.0890 despite the fall in the US stock indices. Negative US stats also couldn’t change how the cards were being played as the ECB meeting and Draghi speaking approaches.

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