EUR/USD Forecast: short term bullish

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The common currency was trading within a limited range against the greenback around the 1.0800 figure, but finally jumped higher and reached a fresh weekly high as local share markets are nose diving. Chinese stocks are again leading the way, as trading was halted following a wild slump. European equities are therefore under pressure, helping the common currency advance. Macroeconomic data in Europe was mixed, with unemployment rate down to 10.5% in November, economic sentiment improving

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