Regardless of what happens this week, our prediction is that EUR/USD selling will continue. The dollar will regain lost ground from the last month. In November, the dollar lost more than 400 pips against the Euro in a continuous decline. With the beginning of December, the rise of the Euro ended.
GoForecasts.com expects a rebound in the dollar supported by anticipation of good employment data at the end of the week.
EUR/USD could return to 1.0950 levels after, which would start a faster dollar recovery to 1.0650 – 1.0710 levels at the end of the week.
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