EUR/USD Forecast: Bulls attempting a comeback

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 22, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    The EUR/USD pair fell below 1.11 handle on account of the flight to risk assets, triggered primarily by the uptick in the oil prices. A slowdown in the manufacturing activity across Eurozone and in Germany as shown by preliminary PMI readings failed to have any impact on the pair. This has been the case on most occasions ever since the ECB moved to negative rates (EUR became funding currency). Focus on oil The common currency remains at the mercy of the oil price gyrations and the resulting

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