EUR/USD Forecast: Lost Bullish Momentum, But There Are No Signs Of An Upcoming Slide
Share: US GDP surged to 6.4% in the first quarter of the year, beating expectations. Germany and the EU will report on Q1 growth on Friday. EUR/USD has lost bullish momentum, but there are no signs of an upcoming slide. The EUR/USD pair advanced to a fresh monthly high of 1.2145 this Thursday but retreated from the level to finish the day in the 1.2120 price zone. The dollar rose modestly in the American afternoon as Wall Street edged lower, despite upbeat macroeconomic data. Ahead of the close, US indexes bounced back, posting daily gains. Germany published inflation figures, which were upb...