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EUR/USD Forecast: On Fed's hands

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 11, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    EUR/USD managed to close the week with gains, as the rally ignited by the European Central Bank (ECB) last week extended further, taking the pair to its highest level in over a month. The ECB announced more stimulus measures (but less than what most market participants were expecting) providing tailwinds for the euro and pushing EUR/USD above its daily 20-MA. The ECB decision changed the pair’s short-term outlook, removing US dollar strength. US dollar even failed to benefit

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