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EUR/USD Forecast October 24-28
EUR/USD had a bad week, falling to a 7 month low amid the ECB meeting. Will it continue lower? A mix of PMIs, inflation data and yet another speech from Draghi stand out Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Draghi left us speculating about the next move of the ECB, but that will come in December. The euro initially ran higher when he said that extending QE was not discussed, but fell sharply once we learned they did not discuss anything. The combination of low inflation (confirmed this week), downside risks and unconvincing growth dampens the picture and ... (full story)