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EUR/USD Forecast July 16-20 - Dovish ECB beaten by hawkish Fed and Trump

From forexcrunch.com

EUR/USD tried to move higher but eventually closed the week on the lower ground. Where will the pair go now? Final euro-zone CPI stands out. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The European Central Bank’s meeting minutes did not add any clarity on the timing of the ECB’s rate hike next year but remained dovish in general. In the US, inflation is picking up as expected and the central bank remains bullish. Fed Chair Jerome Powell says he “sleeps well at night”. The US is readying new tariffs on $200 worth of Chinese goods, but the sides may resume ... (full story)

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  • Category: Fundamental Analysis