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EUR/USD slides to lowest level in three months

EUR/USD slid lower following Draghi’s reiteration that policymakers remained willing and able to act to bolster price growth in the euro area

By Richard Nehme | Nov. 5, 2015 12:31 GMT
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EUR/USD slid lower following Draghi’s comments made on Tuesday stating policymakers would re-examine the degree of monetary stimulus already deployed at their December meeting and reiterated that they remained willing and able to act to bolster price growth in the euro area. The pair fell to the lowest level in three months down 0.90% to 1.0856 the weakest since August 7. Be aware of EUR/USD reaching very strong technical support around the 1.08 region [...]

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