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EUR/USD Weekly Forecast: Slide Lower and Important Support Now Contemplated
Last week’s price action mirrored shifting sentiments which have swirled in the financial markets the past four weeks. The Iranian war has entered its fifth week and near-term worries are threatening to grow into mid-term concerns effecting outlooks. Money can be made by speculators, but it can be lost too. Thoughts about interest rate cuts to come from the U.S Federal Reserve have been placed in a corner and are not being discussed for the moment. The sustained costs of WTI Crude Oil and other energy resources has sent a shiver into financial institutions as they consider the potential of inflation. The EUR/USD ... (full story)