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EUR/USD Forecast July 8-12
EUR/USD had another week of falls, due to a dovish turn in the euro-zone and more reasons for hawkishness in the US. Eurogroup meetings, industrial production figures are the main market-movers this week. Here is an outlook on the main events ahead and an updated technical analysis for EUR/USD, now at lower ground. At the Press conference following the ECB rate decision, President Mario Draghi confirmed recent rumors about adopting forward guidance on rates, saying the ECB “expects all interest rates to remain at present or lower levels for an extended period of time”. The Banks Governing Council is planning to ... (full story)
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