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EUR/USD Forecast Feb. 17-21
EUR/USD managed to move higher within range as economic growth trumped inflation fears. Is a break out coming soon? German economic sentiment and purchasing managers’ indices are among the main market movers of the week. Here is an outlook on the major events and an updated technical analysis for EUR/USD. Europe’s locomotive posted a solid growth rate of 0.4% in Q4 2013, beating forecasts for a 0.3% expansion rate thanks to a rise in exports and capital investment. Accompanied with stronger than expected GDP growth from France and other countries, the euro-zone recovery also accelerated and this boosted the euro. ... (full story)
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