Euro, EURUSD Price Outlook Talking Points
- EURUSD is in the midst of a three-day rally that’s pushed prices up to a fresh six-week-high, with a bit of resistance showing around the prior May highs in the 1.1250-1.1265 region.
- This Thursday brings an ECB rate decision[1] that carries a wide-expectation for the bank to take on a dovish tone. This, however, has been run-over by a more aggressive theme of falling rate expectations around the US, creating considerable Dollar weakness over that three-day-span and helping to lift EUR/USD[2] up to this fresh near-term high.
- DailyFX Forecasts are published on a variety of currencies such as Gold[3], the US Dollar[4] or the Euro[5] and are available from the DailyFX Trading Guides page[6]. If you’re looking to improve your trading approach, check out Traits of Successful Traders[7]. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide[8].
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EUR/USD Rallies to Six-Week-Highs Ahead of ECB
This Thursday brings an ECB rate decision[10], and the wide expectation is for the bank to take on a dovish tone towards future rate policy, largely in response to slow economic data that’s been coming out of the Euro-Zone. As an illustration of this theme, German bond yields remain pinned towards record lows, indicating the potential for continued dovish posture at the
