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EUR/USD Forecast: heading towards 1.1375, February high

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The US Federal Reserve gave the greenback the last push, and the American currency finally fell over the cliff. The US Central Bank decided to downgrade its growth forecast for this year, revising GDP down to 2.2% from previous 2.4%. More relevant, the dot plot shows that policy makers have now the intention of rising rates just two more times this year, from previous four. Given that the FED has been largely overestimating the economic developments, market players saw an even darker picture

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