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      EUR weakness remains intact – Danske Bank

      FXStreet (Edinburgh) - Analysts at the Nordic Danske Bank expect the pair’s trend to keep the south path, heading to 1.33 in a 3-m horizon.

      Key Quotes

      “We expect the ECB meeting to have a limited impact on the EUR as market expectations of any significant announcement are running low”.

      “We believe that lower interest rates will weaken the EUR as euro area bank buying of peripheral government bonds ‘crowds out’ foreign buying”.

      “Stretched short EUR positioning and technicals imply that the down trend in EUR/USD will be slow”.

      “We forecast EUR/USD at 1.33 in three months and 1.30 in six months. Leverage funds should stay short EUR/USD for a target of 1.30, stop-loss 1.37”.

      EUR/CHF is testing 1.2150...hopelessly, endlessly

      EUR/CHF is trying hard to recover from Wednesday’s low of 1.2138, but it has managed only 1.2151 high so far; 13-pips rally is hardly impressive, while 1.2150 resistance area may terminate it for good
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      European stocks little changed, ECB eyed

      European stocks were little changed Thursday after a negative opening as ongoing tensions with Russia weighed on sentiment while investors await the ECB monetary policy decision.
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