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EUR/USD Forecast Dec. 12-16

From forexcrunch.com

EUR/USD was hit hard by dovish Draghi and fell back to lower ground. Fresh PMIs, as well as other events, await the euro. Will it continue lower? Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The ECB decided to reduce the amount of monthly bond buys to 60 billion from April 2017 but also chose to extend the program towards the end of the year and to loosen a few limits. Coupled with a dovish tone about the path of inflation, EUR/USD eventually plunged. Earlier, Italian voters rejected the constitutional changes proposed by Renzi, in another blow to mainstream ... (full story)

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