Euro Forex Trading Forecast

Currency trading with EUR/USDThe euro forex trading forecast continues to look bleak. Currency trading with EUR/USD should consider shorting, as it looks as though the euro is going to be heading down.

At issue, for the most part, is the fact that in FX trading the euro is being brought low by a faltering economy. German PMI data is disappointing, and Germany’s economy influences the euro zone rather heavily.

With the European economy heading into a recession, the ECB is expected to make drastic cuts to interest rates, and that will not help the EUR/USD, either.

See Also

• Euro in Forex Trading
  FX trading with a variety of currencies

Popularity: 1% [?]