EUR/USD - Euro US Dollar

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1.0591 -0.0002    -0.02%
21:11:32 GMT - Closed. ( Disclaimer )
Type: Currency
Group: Major
Base: Euro
Second: US Dollar

  • Prev. Close: 1.0593
  • Bid/Ask: 1.0589 / 1.0592
  • Day's Range: 1.0569 - 1.0638
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EUR/USD 1.0591 -0.0002 -0.02%
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Latest EUR/USD Comments

Sal FX
Sal FX 36 minutes ago
Good AM everyone hope you are all doing well. About to start a crucial month for EUR/USD. My view on this is 0.90 by the turn of the year. My logic is as follows:. 1. (Dec 3) Draghi more than not is hinting at rate cut + expansion of QE in size + adding municipals . 2. (Dec 4) OPEC press conference and the word is there is no back tracking on keeping market share, so possibly new announcements of extra production.. 3. (Dec 16) FED much anticipated date. All indicators are now showing a rate hike.. . If all these things happen there is no way EUR will not drop. I am being conservative in saying 0.90 and would dare say 0.85 is not out of the question.. As extra food for thought, usually Oil and $ are inversely correlated.. now what would happen if we continue to see a strengthening $ at the same time oil price starts to rise. If this happens I reckon a lot of non $ pegged/linked and oil importing countries will be sent back to the dark ages. . . Opening short position now. Best of luck!
Starfalk Trader
Starfalk Trader 3 hours ago
Draghi will deliver this week. Maybe more then expected! Holding BUY is just gambling. Fundamentals AND TA says this thing will drop more. Why dont follow the money? its not hard at all! Look at The Commitment of Traders Report, and see where the big boys place the money. Give u a tip, they a not building up long EURO positions! If we break the bottom for this year, it can be very ugly for the EURO.
Starfalk Trader
Starfalk Trader 3 hours ago
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