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EUR/USD Forecast: still bullish, but no momentum

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 13, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The EUR/USD pair advanced up to 1.1410 with the European opening, boosted by a decline in local share markets, as worldwide stocks fell following worse-than-expected Chinese trade data, and the ongoing dollar's negative tone. The release of German CPI did little to affect the pair, as inflation remained unchanged in September this year, compared to September 2014, down to 0.0%. The pair however retraced some 30 pips, following poor inflation data in the UK, down to the 1.1380 as the dollar

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