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EUR/USD Forecast October 21-25

From forexcrunch.com

EUR/USD rallied to a new 8 month high, enjoying the poor resolution to the US political crisis. Can the pair break higher? Or is it consolidation time? German Producer prices, German Ifo Business Climate and Manufacturing and services PMIs are the highlights of this week. Here is an outlook for these events among others, and an updated technical analysis for EUR/USD, now just under the year-to-date peak. The Euro strengthened against the US dollar in light of the lingering shutdown, badly affecting US economy. The aversion of the debt ceiling was achieved only at the last moment, and it set new dates for a potential ... (full story)

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