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Forecast Outlook
- Forecasts Outlook US Dollar: Mixed Sentiments for 14 August: EURUSD is expected to proceed Short below the barrier levels of 1.33864 and 1.33566.
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Germany’s 2Q Gross Domestic Product (GDP) report may generate fresh monthly lows in the EUR/USD should the data print heighten speculation for additional ECB support.
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Important Forex News
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The US Dollar is on the verge of a major break higher, and these are the currency pairs we believe are most likely to see big moves.
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EUR/USD traded around 1.3360 before the German GDP data was released, and slid to 1.3348 low right after.
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AUD/USD plunged to 0.9286 after opening the day at 0.9304; currently, the pair is trading at 0.9298 with bearish bias is still dominant.
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EUR/USD stays at a 10-pips range, waiting for inflation and GDP numbers. The pair is trading at 1.3363 marginally higher from its opening level of 1.3361
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