EUR/USD:Weekly Forecast 8th January - 14th January

will start the week near the 1.06390 level, which may be a good result for bullish traders considering the fact the currency pair was challenging a low of nearly 1.04800 only a handful of hours before the surge upwards.

Financial houses which have been slowly crawling back into action and were quite cautious regarding their outlooks regarding the U.S Federal Reserve last week suddenly had more evidence that U.S inflationary pressures may be lessening. The buying momentum of the EUR/USD took the currency pair from a value it had last seen on the 8The EUR/USD Toppling of 1.

However, the fact that holiday trading had been in effect and volumes were much less than normal certainly helped the EUR/USD touch the 1.07125 level before the New Year. Now that the full volume will be delivered this coming week and important U.S. data will be published, speculators should expect volatile conditions as equilibrium is fought over.

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