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Euro Forecast: EUR/USD Price Outlook Bearish Ahead of Key Eurozone Data


Euro Forecast: EUR/USD Price Outlook Bearish Ahead of Key Eurozone Data
Fundamental Euro Forecast: Bearish
The European Central Bank’s Governing Council proved just as dovish as analysts had expected last week, accentuating a decline in EUR/USD that started before the announcement and continued after it.
Now, further losses are likely over a week packed with important Eurozone data ranging from Germany’s Ifo index to official statistics on GDP growth, inflation and unemployment.
Euro price at risk of further losses
The coming week is packed with potentially high-impact market-moving economic data from the Eurozone and, ahead of it, the slide in EUR/USD that began last Thursday is most likely to continue. What happens after the numbers, that are mostly unveiled on Thursday and Friday, depends of course on how strong or weak they are but last week’s policy statement by the European Central Bank was so dovish that further Euro losses are now highly likely. ....

Christine Lagarde , Martin Essex , European Central Bank , European Central Bank Governing Council , Fundamental Euro Forecast , Governing Council , President Christine Lagarde , Daily Timeframe , July Monday , August Wednesday , German July , Eurozone Friday , கிறிஸ்டின் லகார்ட் , மார்டின் எசெக்ஸ் , ஐரோப்பிய மைய வங்கி , ஐரோப்பிய மைய வங்கி ஆளும் சபை , அடிப்படை யூரோ முன்னறிவிப்பு , ஆளும் சபை , ப்ரெஸிடெஂட் கிறிஸ்டின் லகார்ட் , ஜூலை திங்கட்கிழமை , ஆகஸ்ட் புதன்கிழமை , ஜெர்மன் ஜூலை ,

https://www.dailyfx.com/forex/fundamental/forecast/weekly/EUR/2021/07/18/Euro-Forecast-EURUSD-Price-Outlook-Still-Negative-ECB-Meeting-in-Focus.html


https://www.dailyfx.com/forex/fundamental/forecast/weekly/EUR/2021/07/18/Euro-Forecast-EURUSD-Price-Outlook-Still-Negative-ECB-Meeting-in-Focus.html
Fundamental Euro Forecast: Bearish
The European Central Bank’s Governing Council will announce its latest decision on Eurozone monetary policy this coming Thursday and all the indications are that it will be one of the last major central banks to tighten policy after the slump caused by the coronavirus pandemic and subsequent recovery.
If that continuing dovish stance is confirmed by the ECB and its President Christine Lagarde at her post-meeting news conference, the current weakness of EUR/USD will likely persist even if some of this narrative has already been priced in to the exchange rate. ....

Ignazio Visco , Christine Lagarde , Martin Essex , European Central Bank Governing Council , Fundamental Euro Forecast , European Central Bank , Governing Council , President Christine Lagarde , President Lagarde , Daily Timeframe , கிறிஸ்டின் லகார்ட் , மார்டின் எசெக்ஸ் , ஐரோப்பிய மைய வங்கி ஆளும் சபை , அடிப்படை யூரோ முன்னறிவிப்பு , ஐரோப்பிய மைய வங்கி , ஆளும் சபை , ப்ரெஸிடெஂட் கிறிஸ்டின் லகார்ட் , ப்ரெஸிடெஂட் லகார்ட் ,