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No growth scenario for EUR: on the way to 1.11

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EURUSD exchange rate formed a new downtrend. Aspiration of ECB to ease monetary policy leaves no chance to growth of the euro.

After the last significant drop by 2%, the currency pair demonstrated an upside correction, which is expected to be the beginning of a new drop to 1.11.

EURUSD rate chart
EURUSD rate chart
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Euro99.2298Dollar93.0923

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Economic calendar / Thursday 18 / April / 05:45pm
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