A bearish EUR/USD ends up bullish as positive sentiment floods the market due to optimism for a US China trade deal and a Brexit deal.
EUR/USD Forecast
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The US Dollar weakens as disappointing economic data resulted in the increased speculation of another interest rate cut by the US Federal Reserve.
Equities faced bearish pressure globally as the economic climate shows dovish indications. The US Dollar is likely affected.
The EUR/USD dips on worse than expected economic data from the Euro Region. The upcoming week is crucial as economic data such as the US NFP is due.
Both the AUD/USD and EUR/USD dips as risk appetite recedes. The week ahead will be crucial as many economic events are to be expected.
As the ECB cuts rate and starts additional quantitative easing, the US Fed will be due for the Federal Funds Rate event this coming week.