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EUR/USD Forecast: Bulls run out of steam ahead of US GDP data

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 26, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The bullish tone around EUR/USD ran out of steam at a high of 1.1068, pushing it back below the 200-DMA at 1.1047 as the European stock markets opened on a positive note. Despite, the drop in banking stocks, the major European indices extended gains to trade at least 1% higher. Consequently, the EUR/USD pair weakened further to 1.1005 levels. Eyes German CPI The preliminary German CPI reading for February is expected to show the cost of living rose 0.5% m/m from January figure of -0.8%. This

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