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EUR/USD Forecast Sep. 15-19
EUR/USD dived to lower levels, but it was certainly not a one way street. Has it bottomed out? The big events coming up are a German survey and final inflation data for August. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD, now on lower ground. The echoes from Draghi’s rate cuts and ABS continued weighing on the euro, as more analysts see the euro as a funding currency., but on the other hand, industrial production was strong and so was the German trade balance. In the US, the JOLTS number was OK, while jobless claims disappointed and retail sales beat. The ... (full story)
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