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EUR/USD Forecast June 8-12

From forexcrunch.com

EUR/USD managed to shoot higher and crash back down in a very exciting week with multiple themes at play Industrial output data and other figures will accompany echoes from the ECB. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Euro-zone data was relatively upbeat, with better service PMIs, solid retail sales and a lower unemployment rate. In the ECB press conference Draghi tried not to rock the boat. With no big change in forecasts, no front loading and no worries about volatility, the euro reacted positively and rallied higher. In the US, data was not convincing ... (full story)

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