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EUR/USD Forecast: Focus shifts back on the downside

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

  1. Sandra S.

    Sandra S. Forum Member

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    EUR/USD posted its second weekly loss in a row as uncertainty surrounding a possible Brexit weighed on the shared currency, while upbeat US economic data underpinned the greenback. On Friday, disappointing German CPI and an upward revision to Q4 US gross domestic product triggered another selloff and sent E UR/USD below key support at 100-day SMA to a fresh 3-week low of 1.0911. However, the pair managed to hold above the 1.0900 support area as investors now take a more cautious stance ahead

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