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EUR/USD Forecast August 5-9
EUR/USD had a volatile week, but eventually remained almost unchanged as central bankers left many open questions. Services PMIs, retail sales and German industrial Production and Trade balance are the major events on our calendar. Here is an outlook on the main market-movers of this week and an updated technical analysis for EUR/USD, which made false breaks. Last week, ECB President Mario Draghi maintained the key ECB rates unchanged, noting an improvement in the Eurozone’s economic activity, even though not all figures were positive. Draghi also reiterates his low rates pledge to support gradual recovery, ... (full story)
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