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EUR/USD Forecast Apr. 21-25
EUR/USD fell lower on a Sunday gap and could never retake the previous levels. Will the attempts to talk down the euro succeed? PMIS and a speech from ECB president Mario Draghi are the key events. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Draghi made his mark once again: he tied further monetary stimulus to the value of the euro. His weekend comments opened a gap lower that was never closed. Pressure on the euro also came from the miss in the German ZEW figure and also from the downwards revision of core CPI for March, which is now at its lowest level ... (full story)
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