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Forex market reviews

12 December 2018

Market sessions

## anthony

EURUSD: rebound from the trend line likely

On Tuesday the 11th of December, trading on the EURUSD pair closed down. The single currency’s slide against the greenback was facilitated by a broadly stronger dollar, a statement from Italian Finance Minister Giovanni Tria, and a drop in German 10-year bond yields ahead of the ECB meeting.
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11 December 2018

Market sessions

## anthony

EURUSD: euro and pound under pressure

On Monday the 10th of December, the euro dropped to 1.1352 against the dollar. This movement was facilitated by both technical and fundamental factors. The euro dragged the pound down with it, which plummeted against the dollar by 250 pips. The pound’s collapse was brought about by UK Prime Minister Theresa May’s decision to delay the parliamentary vote on her Brexit deal, which was scheduled for the 11th of December. The Prime Minister’s opponents have labelled her decision as cowardly.
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Alexander Razuvaev
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