EUR/USD Forecast Sep. 21-25 2015
EUR/USD eventually closed lower after hitting the highs in a very turbulent. Will it make a second attempt to rise or is it heading down? A busy week starting with the Greek elections and featuring a speech by Draghi awaits us. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.
In the euro-zone, the Chinese crisis was felt via a weak business sentiment score in Germany. Also inflation is looking more subdued than initially reported. In the US, the Fed refrained from raising the rates and seemed concerned about the global economy. While the dovishness certainly hurt the US dollar at first, investors turned their worries to who’s next: which other central banks will go dovish, and the ECB is certainly a prime candidate. The euro fell towards the close and ended lower on the week. We’ll hear from Draghi this week. Let’s start:
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