Euro/dollar couldn’t really recover from the recent fall and eventually close a bit lower as Spanish worries intensified. Will it make a bigger break out of range? Two major German surveys are the highlights awaiting us. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.
Spain is under growing pressure from all sides: EU inspectors landed in Madrid, Italian officials aren’t too kind and most importantly, the markets are sending Spanish yields higher. The ECB has already hinted about reigniting the bond buying scheme, but may forced to introduce LTRO 3. Also in the US, things were already better: jobless claims broke out of range and joined the weak NFP. QE3 still has low chances, but if the current employment figures turn into a trend, it will not bode well for the greenback.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-outlook-april-16-20/"]EUR/USD Outlook April 16-20[/URL][/I][/B]
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