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EUR/USD Forecast: currencies' war reaches new frontier

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 29, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The EUR/USD pair remained within its latest range for one more week, rallying up to 1.0967, where the weekly descendant trend line capped once again the upside. Also, the pair erased most of its weekly gains on Friday, in spite of weaker-than-expected US Advanced Q4 GDP figures. Consensus was of a 0.8% growth against the finally informed 0.7%, but given the comments on weaker growth made within the FOMC latest statement, seems the market was pricing in an even weaker number. Anyway, the

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