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EUR/USD Forecast Nov. 28 – Dec. 2
EUR/USD dipped to new lows but did not experience the magnitude of the previous weeks. Fresh inflation figures stand out as we enter the final month of 2016. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. ECB President Draghi continued sounding cautious, weighing on the euro. On the other hand, PMIs, as well as Germany’s IFO business climate measure, were mostly positive. On the other side of the Atlantic, US durables goods orders looked good, and the dollar continued enjoying a bit more of the “Trump rally.”. The pair reached a double-bottom at 1,.0520, ... (full story)
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