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EUR/USD Forecast August 25-29
EUR/USD suffered for yet another week, dropping to an 11 month low and dipping below long term downtrend support. What’s next for the common currency? A key German survey and all important inflation figures are the highlights of this week. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Euro-zone PMIs were quite mixed, but still pointed to some weak growth, despite the already visible impact of the tensions with Russia on the economic zone. In the US, a USD rally that commenced with strong housing data intensified with the not-too-dovish FOMC minutes. At Jackson ... (full story)
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