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EUR/USD Forecast Oct. 13-17
EUR/USD managed to stage a nice recovery but didn’t go too far before losing some of the gains. Has it finally bottomed out? An important German survey and final CPI are accompanied by several speeches from Mario Draghi and other events. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Significant drops in factory orders and industrial output in Germany caused a lot of concern. Also Draghi weighed in, with repeating his commitment to do whatever is necessary to tackle low inflation. The president of the ECB also hinted that rates are not set to move before 2017. On ... (full story)