The EURUSD will open around a price of nearly 0.96865: Forex Forecast Trading
Enter your emailThe EUR/USD has fallen to lows not traded since 2002 and the currency pair likely has an important week of trading ahead.will open around a price of nearly 0.96865 this week, barring a huge gap upon the start of its trading.
This because media circles are focusing on the historic loss of value in the GBP for the moment and the EUR/USD has not stolen the headlines, but that can change quickly. The main lending rate of the ECB is only 1.25% and their next scheduled central bank meeting is only in the last week of October.Speculators should monitor the ECB this week to see if there are signs of a sudden attempt to protect the value of the EUR/USD via a sudden interest rate hike.The EUR/USD is trading at lows and technical traders must ask just how long the bearish trend will continue.
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