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EUR/USD Forecast October 7-11
EUR/USD reached a new 8 month high on the back of the US government shutdown, but soppted at resistance. Draghi’s speeches, Industrial data and the IMF meeting are the highlights of this week. Check out these events among others, and an updated technical analysis for EUR/USD, now in a higher range. The ECB left all rates unchanged postponing new policy moves until the fragile euro zone recovery strengthens. The ECB became concerned with rising market interest rates over the summer, and pledged to keep the benchmark rates at a minimum low for an extended period. And while the central bank remains ready to act with ... (full story)
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