Euro Weekly Outlook: EUR/USD, EUR/GBP, EUR/JPY - Analysis and Forecasts

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/USD prices may continue to fall.made a strong turnaround midweek as the pair made a fresh multi-month low and touched the 0.8500 area. The strength of the rebound took EUR/back above the 20-day sma, and a move above 0.8573 would also break the recent series of lower highs. If this happens then the pair may look to move back above 0.8600 with a handful of recent prints around 0.

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