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EUR/USD Forecast April 22-26
EUR/USD had an exciting week, rising to highs at first and eventually ending the week lower. Purchasing managers’ indices from France, Germany and the EU, as well as the German Ifo Business Climate are the highlights of this week. Here is an outlook for the events moving the single currency and an updated technical analysis for EUR/USD. The rise was mostly based on the difference between central banks: the US and Japan continue with QE programs while the ECB is practically tightening. However, one hint of a rate cut was enough to send the euro down and remind everybody about the harsh reality, not only in the ... (full story)
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- John Gray
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Classical chart patterns of currencies from 15+ Year Pro Trader
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