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EUR/USD Forecast April 8-12
EUR/USD had a roller coaster week, flirting with low support only to come back as a winner. Industrial Production in Germany, France and the Eurozone as well as, the Eurogroup and ECOFIN Meetings are the major events this week. Here is an outlook on the main events and an updated technical analysis for EUR/USD, which is just under 1.30. Last week, the European Central Bank left interest rates unchanged as expected. The roller coaster came during the press conference, where Draghi hinted about a rate cut, in May or June, but also provided a firm commitment to the euro project. The ECB still believes the Eurozone will ... (full story)
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