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EUR/USD Forecast: US economic health leads the way

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    After weeks of boring ranges, the EUR/USD broke higher like a vengeance, adding pretty much 330 pips in two days. The movement was a result of a dollar's sell-off, triggered by poor US data and FED's Dudley comments, all of which suggested the slowdown in the macro scenario will force the US Federal Reserve to remain on hold for longer than expected. Last December, the FED sort of anticipated 4 possible rate hikes for this 2016, but all of a sudden, market has moved hopes for a

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