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EURUSD to lose 2.5%


USD outperforms EUR due to weak economic statistics of Eurozone and vague monetary policy of ECB.

EURUSD rate chart

EURUSD rate chart

European regulator does not give any signals about date of the main interest rate increase. Moreover, monetary easing is the subject of discussion in ECB, currently. Obviously, EURUSD is influenced by this.

The key support level is located at 1.13. If it is breakout, the quotes are expected to go down to 1.11.

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