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EUR/USD Forecast February 3-7
EUR/USD had a negative week, losing nearly 200 pips and uptrend support. The ECB rate decision is the main event of the week. Will the ECB give the euro another push down?Also German industrial production and PMIs will have an impact, among other events. These are the main highlights for this week. Here is an outlook on the major events and an updated technical analysis for EUR/USD. The annual inflation rate in Germany dropped to 1.3% in January, Also the euro-zone inflation rate dropped again to the bottom of 0.7%. With the threat of deflation, will the ECB act now, or wait for March? On the upside, German ... (full story)
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