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EUR/USD Forecast Apr 7-11
EUR/USD fell for the third consecutive week. Is this the beginning of a downtrend or just part of a necessary correction? German Industrial Production, trade balance, French Industrial Production, ECB Monthly Bulletin and the G20 meetings are the highlights of this week. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. The ECB decided on another “no-change” in policy leaving the main lending rate at 0.25% despite multi-year low inflation but the tone was certainly different. Draghi put QE firmly on the agenda and mentioned the exchange rate several times. This ... (full story)
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