EUR/USD Heads Lower in Currency Trading

Euro forex trading forecast

The euro forex trading forecast is once again in doubt as concerns about Greece move to the forefront of forex traders’ minds. 

Indeed, EUR/USD is heading lower in currency trading, moving back below 1.30 level. Concerns about what’s next for Greece, and worries that tougher fiscal rules for the eurozone will be too little too late, are putting downward pressure on the euro.

For now, US dollar has been gaining as risk appetite flees. There is a great deal of uncertainty, and many forex traders are waiting for the Federal Reserve announcement later today, as well as for news out of the upcoming conference in Davos. It will be interesting to see what happens next in for the euro forex trading. 

See Also

• Euro Forex Trading Forecast
  Currency trading news