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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 lagardeMartin essexEuropean central bankEuropean central bank governing councilFundamental euro forecastGoverning councilPresident christine lagardeDaily timeframeJuly mondayAugust wednesdayGerman julyEurozone fridayகிறிஸ்டின் லகார்ட்மார்டின் எசெக்ஸ்ஐரோப்பிய மைய வங்கிஐரோப்பிய மைய வங்கி ஆளும் சபை