Despite the pair’s strong rebound on Friday following downbeat Q2 US growth data, the pair is still in a short-term down-trend from a technical point of view.
What kind of an impact would a Donald Trump victory in the November US Presidential election have on global currencies?
Ahead of the all-important US Federal Reserve policy decision and communication we note that the EUR/USD is trading with a positive tone.
Survey data shows German business people were not as pessimistic about the outlook for the economy and their businesses in July.
The euro to US dollar remained unchanged in Thursday after the ECB governing council decided to leave policy unchanged, in line with what most analysts had forecast.
After breaking below a key channel line the euro looks vulnerable to more downside, and indeed it is currently falling in the run up to the ECB central bank meeting on Thursday
The Euro was seen to be back under pressure against the US Dollar over the previous week and we question whether a further deterioration is on the cards for the week coming.
Page 212 of 237