Weekly Trading Forecasts on Major Pairs

[adidas]

German ZEW economic indicator which measures the power of managers and business climate in Germany was 10.0 from a 15 predicted forecast. This show how weak the economy is in the Eurozone and how strong the dollar currently is.

Forecast Eur/Usd to fall more, Euro to weak further and the dollar to strengthen further for at least a few days.

[Mpamaegbu]

Yah, I guess so. It has already taken the plunge. Currently at 0.0572 and I missed the move. I will wait to trade retracement few hours from now.

Meanwhile there's an opportunity to trade retracememt on GBP/USD now at 1.2470.