Forex: EUR/USD erases losses on NY
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EUR/USD
FXstreet.com (Barcelona) - Despite the empty economic calendar ahead in the US session (besides of Canada Ivey PMI), the EURUSD was brought back to the opening area (1.3068) after trading lower since early Asian session, with a low printed at 1.3017.
Former World Bank chief economist Justin Yiifu Lin expects China economy to grow around 8% each year over the next twenty years, according to Forexlive.com analyst Jamie Coleman. He also added that Spanish Prime Minister Rajoy will announce the sovereign funding strategy tomorrow morning.
"The downtrend from 1.3310 is already over with last week's low at 1.2997 and the intraday outlook is positive, for a rise towards 1.3125 resistance area", wrote Deltastock.com analyst Stoyan Mihaylov, pointing to major support below the dynamic projection at 1.2960 is seen at 1.2880.
Former World Bank chief economist Justin Yiifu Lin expects China economy to grow around 8% each year over the next twenty years, according to Forexlive.com analyst Jamie Coleman. He also added that Spanish Prime Minister Rajoy will announce the sovereign funding strategy tomorrow morning.
"The downtrend from 1.3310 is already over with last week's low at 1.2997 and the intraday outlook is positive, for a rise towards 1.3125 resistance area", wrote Deltastock.com analyst Stoyan Mihaylov, pointing to major support below the dynamic projection at 1.2960 is seen at 1.2880.
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