Forex Weekly Overview |
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In the last week we witnessed a major change in the sentiment on the forex. After numerous attempts the euro broke through the psychological 1,60 USD level, scoring the new record at 1,6018. However, the market clearly was not certain if yet another wave of the dollar depreciation could be possible and what how monetary authorities could respond to it. The EURUSD didn’t manage to stay above the 1,60 threshold and this was the major reason for the correction. Later in the week the US currency
Filed under: Technical
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