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EUR/USD Forecast May 11-15

From forexcrunch.com

EUR/USD moved up to new highs, but shed the gains in a volatile week. The upcoming week features yet another chapter in the Greek drama as well as important GDP data . Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Data in the euro-zone was mixed, with OK PMIs but weak German industrial data. The boost for the euro came from a sell-off in German bunds, that triggered a squeeze on euro shorts. In the US, the big trade deficit raised speculation for a contraction in Q1. Also the weak ADP report weighed heavily on the greenback. This sent EUR/USD to highs last seen in ... (full story)

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