SasoKlobucaric

EUR/USD forecast 25 August 2015

FX:EURUSD   Euro Fx/U.S. Dollar
Markets have stabilized for now but nothing has been decided yet as they are waiting for the next China step. If markets go up I am going to sell EUR/USD             but if they fall further I am going to buy the pair. There is a speculation out there that PBoC could make Reserve requirement ratio cuts as soon as this week possibly on Friday, according to CNBC.

China cut the RRR             and in a surprise landing and deposit rate also. Stocks are mixed at the end of the day, so need to wait for tomorrow.
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