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EUR/USD Outlook – July 11-15
The ECB managed to slow the euro‘s fall, by hinting more hikes and aiding Portugal. Will this push the pair higher? Or is it just a pause before the next fall? The upcoming week consists of the stress test results as well as other indicators. Here’s an outlook for the market moving events, and an updated technical analysis for EUR/USD. Despite the slowdown in Europe and all over the world, Trichet decided to raise the rates once again. This isn’t what Europe needs. It seems like a repeat of the same short-sighted mistakes made exactly three years ago. It seems that with concern to Italy, the markets aren’t ... (full story)
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