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Dukascopy traders, in turn, assumed the most popular currency cross to lose but did not expect following data release thus such a steep pairs' reaction. Moreover, they expected the Friday's closing level to be just below the 1.118 mark; however, the market sentiment was strongly bearish, as 63.6% of all respondents stayed negative on EUR/USD.
The present trading week is expected to release jobless claims and wholesale inventories on Thursday while the next day, Michigan consumer expectations along with inflation expectations also will be published. At the same time, Dukascopy Community members forecast the Euro to keep hovering around the average trading level of the previous week, namely slightly above the 1.12.
© Dukascopy Bank SA