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The Euro-to-Dollar rate is likely to fall over coming weeks as Eurozone politics return to haunt the single currency although this time weakness in the exchange rate should be viewed as a buying opportunity by traders, according to Bank of America Merrill Lynch.
September 5,2018
According to the latest Elliot wave analysis of the Euro-Dollar exchange rate, the next short-to-medium term target is located at 1.2050.
September 3,2018
EUR/USD has pulled-back into the 50-day MA but our technical studies suggest the uptrend might resume from here. The main release for the Euro is retail sales data and for the Dollar it is Non-Farm Payrolls.
September 2,2018
The Euro pared gains a touch Friday after official data revealed a surprise fall in both measures of Eurozone inflation for August, denting the single currency's lead over rivals on a morning when markets are also wrestling with President Donald Trump's latest attack on the single currency and European Union.
August 31,2018
EUR/USD breaks above trendline in notable move higher and a new uptrend is probably being established, but the 50-day moving average stands in the way to further progress.
August 27,2018
The EUR/USD rate rose Friday as the Dollar weakened but the tune could change if a fresh spat between the Italian government and European Commission worsens and chart signals continue to draw short-sellers toward the Euro.
August 24,2018
The Euro turned lower against the US Dollar Thursday after ISH Markit surveys revealed a further slowdown in the Eurozone's mighty manufacturing sector during August, suggesting the continental economy is yet to rebound from the slowdown seen at the start of the year.
August 23,2018
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