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EUR/USD Forecast Aug. 3-7

From forexcrunch.com

EUR/USD posted strong gains early in the week, but was unable to consolidate and closed the week unchanged, at 1.0982. This week’s highlights are the Manufacturing and Services PMIs. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Flash PMIs: Manufacturing PMIs will be published on Monday, while Service PMIs will follow on Wednesday. Spanish Manufacturing PMI is expected to remains around 54 points, with the French and German indicators expected slightly above the 50 line, which separates contraction from separation. The forecasts for the Services PMIs are higher, ... (full story)

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