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Situation in Europe affects Euro

Larson&Holz

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The situation in Europe has a negative impact on the European currency. The EUR/USD currency pair follows the bear trend for several weeks already, and the situation seems to remain the same in the nearest future. The forthcoming speech by Janet Yellen, the Chairperson of the Federal Reserve System, only fosters the interest to USD. The only thing that can prevent the fall is the investors being cautious about the Non-Farm Payrolls Report that is released this Friday in the USA.

Larson&Holz analysts believe, that it is best to jump up to the risks and open short sales for the currency pair EUR/USD aiming at 1,16800

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