EUR/USD: forecast for Oct. 16-20

The euro managed to strengthen versus the US dollar during the past week as the market’s focus switched from the euro zone’s political concerns to the region’s brightening economic outlook.

Euro-zone's seasonally adjusted industrial production rose to a 9-month high in August, exceeding the forecasts. In addition, European investor confidence strengthened to a 10-year high in October.

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This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.

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