EUR/USD forecast 23-25 November 2015

FX:EURUSD   Euro / U.S. Dollar

It was a tough week behind us as EUR/USD             was really volatile and deciding between long and short. The highest level reached was 1.0762 on Thursday and the pair retraced from that level after ECB Draghi reiterated on Friday morning his dovish stance and preparedness to act as strong as needed to achieve ECB's goal of 2% inflation as soon as possible.


EUR/USD             is not expected to squeeze shorters higher anymore but continue falling to the next station 1.0460.
In focus next week EU, DE, US PMI numbers with German final GDP and Business Climate as well as USD GDP second estimate and Consumer Confidence.
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