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EURUSD Weekly Outlook: Why More Downtrend Likely & What Drivers Will Decide
USD strengthens versus Euro, the technical picture and its underlying fundamentals suggest more downside –Technical: Break below 5 month old support of 1.35 zone, four week downtrend, downward technical momentum on daily and weekly charts, weekly chart shows EURUSD near the double Bollinger band sell zone. –Fundamental: USD risk aversion appeal from China, Emerging Markets, taper-related global tightening fears point to further test of support this week Top EURUSD market movers this week that will decide the pairs’ fate Fading Risk Appetite: Technical Picture After a month of consolidation in a tight trading ... (full story)
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