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EUR/USD Forecast: approaching 1.1000 on risk sentiment

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 20, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Risk-averse trade resumed in Asia, as oil fell towards its recent 12-year low, extending its decline by a few cents. European stocks opened sharply lower, while at this time of the day, US futures trade at fresh multi--month lows. As for the EUR, the common currency is benefiting from its funding currency condition, up to 1.0975 against the greenback, despite early data showed that the German index of producer prices fell by 2.3% compared to a year before, exceeding market's

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