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EUR/USD Forecast July 7-11
EUR/USD attempted to run higher but eventually began a downfall and ended the week on low ground. Can this trend continue? Trade and inflation data from both France and Germany are the highlights. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. While the ECB did not alter its policy, the message was dovish, with a wide open door to QE. In addition, Draghi said that they are watching EUR/USD with “much attention”. They clearly want a weaker euro. So far it is working better against the pound. Will we see a bigger slide against the dollar? In the US, Americans could ... (full story)