EUR/USD had an exciting week, rising to high ground but falling back to the drawing board. Inflation figures and final PMIs are the highlights this week. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.
The ECB does not seem to be in a rush to introduce more QE, and this gave a boost to the euro. French manufacturing finally returned to growth territory and also German business confidence surprised to the upside. But not all is rosy in the old continent, with uncertainty around Greece always in the background. In the US, some unimpressive figures weighed on the dollar, but Yellen surprised with a relatively hawkish speech, powering the greenback back to form.
Read the rest of the article EUR/USD Forecast Sep. 28 – Oct. 2