I would tend to be bearish, no good from the EURO!
EUR/USD Forecast September 3-7 2012
Euro/dollar edged up on the last week of August, anticipating action from the ECB and also enjoying some dollar weakness. As volume and volatility return, the rate decision is the main event in a very busy week. Will Draghi turn strong words into action? A lot depends on Spain as well. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD. In the US, Bernanke’s Jackson Hole speech had some dovish points such as calling the employment situation “grave” and justifying past QE. However, QE3 is far from certain and the Fed might opt for other types of monetary easing options on ... (full story)