Forecast and technical analysis EURUSD on December 13, 2018.

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EURUSD: markets await Mario Draghi’s press conference

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On Wednesday the 12th of December, trading on the euro closed up. Its rise was brought about by news from Italy as well as the strengthening of the pound. The Italian government is willing to agree to a budget deficit target of 2%, while Theresa May won a vote of no confidence among Conservative MPs. The euro rose to 1.1387 and is currently undergoing a correction.

Forecast and technical analysis EURUSD on December 12, 2018.

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EURUSD: rebound from the trend line likely

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On Tuesday the 11th of December, trading on the EURUSD pair closed down. The single currency’s slide against the greenback was facilitated by a broadly stronger dollar, a statement from Italian Finance Minister Giovanni Tria, and a drop in German 10-year bond yields ahead of the ECB meeting.

Forecast and technical analysis EURUSD on December 10, 2018.

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EURUSD: pair poised to drop from the upper line of the channel

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The majors showed mixed dynamics against the greenback last week. The Aussie shed 1.50%, while the Kiwi, loonie, and pound lost 0.31%, 0.27%, and 0.15% respectively. Posting an increase against the US dollar were the Swiss franc (+0.93%), the yen (+0.68%), and the euro (+0.66%).

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