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EUR/USD Forecast November 25-29
EUR/USD had an exciting week, taking a dive only to close the week higher. German retail sales, French consumer spending and the Euro-area Unemployment Rate are the main market movers this week. Here is an outlook for these events among others, and an updated technical analysis for EUR/USD. Rumors about an imminent negative deposit rate of 0.1% hurt the euro, and the clear denial helped it recover quickly. Last week, Markit’s Eurozone Services Purchasing Managers’ Index was released, showing the Euro-zone private sector recovery unexpectedly weakened in November as French figures pulled them down. Germany still ... (full story)
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