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EUR/USD Forecast November 4-8
EUR/USD had a terrible week, falling around 300 pips. Is the pair oversold, or does the fall in inflation justify an extension of the fall? The euro is now in the hands of ECB President Mario Draghi and the rate decision becomes even more important that normally. In addition, manufacturing and services PMIs, employment and industrial data will also move the common currency. Here is an outlook for these events among others, and an updated technical analysis for EUR/USD, now on much lower ground. European data disappointed on all fronts, including a rise in unemployment and a drop in German retail sales. The biggest ... (full story)
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