EUR/USD Forecast: Equities fall, but still no takers for EUR

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 24, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    The oil-led risk-off in European equities has triggered carry unwind despite which the common currency remains on a weak footing. The uptick in the EUR/USD pair ran out of steam at 1.1027 and the pair now trading around 1.0980. GBP drags EUR lower A sharp fall in the GBP/USD pair on account of Brexit fears is weighing over the EUR as well. Experts believe the Brexit would have a negative impact on the Eurozone economy and that seems to be the reason behind the drop in the EUR despite the

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