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EUR/USD Forecast: still ranging, waiting for US data now

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 25, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The EUR/USD pair trades near a fresh weekly high of 1.0688, as investors take some profits out of the table ahead of the US Thanksgiving holiday, locking gains after the pair shed around 800 in a month. At this point, seems market has fully priced in a December hike, which anyway won't mean the EUR can now rally. The common currency is being weighed by its own Central Bank, as Draghi not only down talks the EUR every time he can, but also pretends to extend its QE program next

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