Where is the bottom for EUR/USD? Watch US inflation

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A combination of general USD strength and dovish ECB comments sends EUR/USD lower. A further move lower or a bounce? The euro faces the ZEW hurdle but the big event comes from the US and the inflation figures. Even a small miss seems good enough for the greenback, at least for now. For the pound, inflation is a real soft spot, as we know from the BOE. Markets are getting busier. Wrap up of the morning show:

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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