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EURUSD 2016-12-22



Although risk sentiments have weighed in on the EURUSD resulting in the pair trading as low as 1.0400 and US Dollar Parity seems imminent for the pair during 2017, the upcoming US Dollar correction amidst strong European fundamentals such as increasing inflation and increasing manufacturing activity will send the pair upwards to the 1.0900 levels with key resistance levels at 1.0600, 1.0700 and 1.0800. Risk sentiments for the Eurozone during 2017 include the upcoming German and French elections and parity with the US Dollar will only be reached should the elections result in increasing Nationalist sentiments. 

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