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EUR/USD Forecast: fresh weekly highs, bullish

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 9, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The EUR/USD pair jumped almost 70 pips following a strong opening in European equities, extending its weekly rally up to 1.1346, a fresh 3-week high. The pair has broken above last Friday's high, the one posted after the awful US Nonfarm Payroll report for September. The American dollar is under selling pressure as FED minutes were seen as dovish, and investors discarded any chance of a rate hike for this year in the US. The Central Bank acknowledged that inflation remains way too low,

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