FX Forecast Update: More EUR Weakness ahead - but the Worst is Likely Behind

In several issues of FX Forecast Update we have written about the risk related to the debt situation in the PIIGS countries. Admittedly however, we did underestimate the impact on the FX market not least on EUR/USD. We revised our 3M EUR/USD forecast lower on 28 April to 1.27,

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This entry was posted on Sunday, May 23rd, 2010 at 12:00 am and is filed under currency trading, day trading, forex currency trading, forex trading, trade forex. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.