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EUR/USD Outlook December 12-16
Euro/dollar suffered from the refusal of the ECB to help in resolving the debt crisis but its falls were limited. Where will this end? Purchasing managers’ indices, a major German survey are the key figures in the upcoming week. Here is an outlook for these events and an updated technical analysis for EUR/USD. The ECB cut the rates and helped the banks, but didn’t provide the big bazooka to help solve the struggling indebted countries. In addition, the EU Summit provided nice promises for the future, but no immediate relief. Will the Chinese come to the rescue once again? There are too many doubts. EUR/USD daily ... (full story)
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