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.

Forex Forecast EURUSD: Euro Trying to Break Daily Trend Line. January, 20 2016

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Yesterday’s Trading:
Tuesday’s trading in the States closed with the euro/dollar at 1.0858. The euro dropped to this level due to stock indices and oil prices rising. The euro strengthened during the American session because of oil and a sharp U-turn for the euro/pound after the Bank of England’s governor Carney gave a speech. He noted that the UK economy is weak and that now is not the time to raise interest rates. The pound crumbled against the dollar with his words by a total of 150 points. The euro/dollar had risen to 1.0938 by the end of the day.

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