EUR/USD Weekly Forecast - 23 July - 27 July

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Monday, Jul 23 2018

EUR/USD Weekly Forecast - 23 July - 27 July

The EUR/USD pair seesawed early London, falling from a daily high of 1.1749 to a daily low of 1.1686, but stabilized in neutral readings, around Friday's close of 1.1720, amid the absence of fresh catalysts to drive the financial markets. Fears related to an escalating trade war have receded somehow but remain as the main theme, with equitiestrading with a down tone worldwide. In the meantime, the greenback made a shallow attempt to come back, so far with no success.

The US will release June Existing Home sales following Wall Street's opening, seen up 0.5% in the month after a 0.4% fall in the previous one, while, at the same time, the EU will release July preliminary Consumer Confidence, forecasted at -0.75 vs. the previous -0.5.

More in this category: « GBP/USD Weekly Forecast - 23 July - 27 July AUD/USD Weekly Forecast - 30 July - 3 August »

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