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Absent the lack of key fundamental surprises I am slowly leaning to a bearish stance on this pair. The economic situations between the two is very similar. Both are also experiencing a much milder winter than was previously expected which seems to be helping both Germany and the U.K. economically. In my opinion, the BoE is being more dovish than the ECB...
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We may be seeing the formation of a perfect storm for a large move to the downside for the euro-dollar pair. With signs of a tipping point in the housing market, rocketing energy prices, unemployment rate being at 3.8% and inflation way above the feds 2% target, further supply chain issues, discussions about 4th wave covid concerns, global security worries over...
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