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EURUSD dips to a fresh 7 month low

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 24, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The strengthening divergence in both monetary policy between the United States and Europe has encouraged sellers to continually harass the EURUSD, sending prices to fresh 7 month lows of 1.0592. Whilst Mario Draghi’s repetitive dovish rhetoric towards the Eurozone economy has consistently devalued the Euro, the intensifying expectations around the Fed raising US rates in December have sent the Dollar to seven-month highs. This catalytic combination of Euro weakness and Dollar dominance

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