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EUR/USD Forecast Dec. 29 2014 – Jan. 2 2015
EUR/USD did not have a merry Christmas, eventually closing on lower ground. Can it make an attempt on 1.20, or will that wait for the time trading volume gets back to normal? In the week around the turn of the year, we have some PMIs and the last round of the Greek presidential elections. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Not a lot of data was released around Christmas, but the figures that did come out were not encouraging: a drop of 0.8% in German import prices and stagnating Italian retail sales won over a better than expected rise in French consumer ... (full story)
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