Weekly Outlook for EUR/USD

Posted 10-26-2009 at 12:38 AM by Yohay
Updated 02-06-2010 at 12:10 PM by Yohay

EUR/USD pushed above the important 1.50 line, but has it run out of fuel? This week features 9 important releases in the Euro-zone, including inflation and unemployment numbers. Here’s an outlook for this week’s events in the Euro-zone, and an updated technical analysis for EUR/USD.

EUR/USD forex chart with support and resistance lines marked on it:. Click to enlarge:

Falling prices in Europe, expressed by the German PPI, weighed on the Euro, while Friday’s good PMI figures helped it. Deflation is high on this week’s agenda. Let’s see what events expect us this week.

Read the rest of the EUR/USD forecast on ForexCrunch.com

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	Posted 10-26-2009 at 01:10 AM by tako219

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