The currency pair attempted to grow last week, but failed to and declined finally. EUR/USD estalished new local lows. The curency pair is under the pressure as Eurozone PMI data was worse than expected.
The Interest Rates rise expectations from ECB decreased and now EUR may develop its downtrend. We think that the currency pair is going to test 1,1250-1,1200 first.
The Interest Rates rise expectations from ECB decreased and now EUR may develop its downtrend. We think that the currency pair is going to test 1,1250-1,1200 first.