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EUR/USD Forecast Apr. 30-May 4 - Further falls to come? GDP and CPI eyed
EUR/USDtumbled down as the US Dollar stormed higher and as Draghi did not provide any ammunition to the bulls. Will it continue? A busy week featuring inflation and GDP data awaits. Here is an outlook forthe highlights of this week and an updated technical analysis for EUR/USD. The ECB left its policy unchanged and acknowledged the slowdown. President Mario Draghi saw it as a temporary moderation but remained cautious and provided no news about announcing the end of QE. This was not enough to battle the US Dollar, that surged alongside a rise in US bond yields. The 10-year yields topped 3% for the first time since ... (full story)
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