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EUR/USD Forecast Feb. 26 – Mar. 2 – Ending the correction?
EUR/USDhad a more moderate week, ending on lower ground. Will it continue falling or is it only a correction? A speech by Draghi and inflation figures are in the limelight. Here is an outlook forthe highlights of this week and an updated technical analysis for EUR/USD. Both the IFO and ZEW German business surveys disappointed and so did euro-zone PMIs. The forward-looking figures still point to growth though. In the US, the FOMC Meeting Minutes showed a relatively hawkish stance, boosting the US dollar and setting the tone for the week. The greenback's recovery continued, but the moves somewhat cautious.