EUR/USD Forecast: US Dollar can resume its advance on war headlines

EUR/USD at Eight-Week High: What Happens Next - ActionForex

EUR/USD begins the week around 1.1588, reaching its highest level in eight weeks. The euro has been supported by dollar weakness following fresh US economic data, which revived doubts about the stability of the US economy and reduced expectations of imminent Federal Reserve tightening. The University of Michigan’s preliminary consumer sentiment index fell to 51.0 […] The post EUR/USD at Eight-Week High: What Happens Next appeared first on Action…

EUR/USD Forecast: US Dollar can resume its advance on war headlines

The EUR/USD pair settled in the 1.1580 area marginally higher in the week, yet unable to find a clear path. The pair holds near its August peak at 1.1581, as demand for the US Dollar (USD) remains subdued amid poor employment figures and steady inflation. Contributing to the lack of directional strength, the United States (US) and Iran remain in a stalemate, without attacking each other or negotiating a way out. Middle East crisis At this point,…