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EUR/USD slips further on news that Germany expected to raise growth forecast

Source: Thomson Reuters News that German Govt is expected to raise its 2015 growth forecast weighs on EUR/USD Pair was already falling before headlines, slips further after news German Govt expected to raise growth forec…

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EUR/USD slips further on news that Germany expected to raise growth forecast
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Source: Thomson Reuters


  • News that German Govt is expected to raise its 2015 growth forecast weighs on EUR/USD

  • Pair was already falling before headlines, slips further after news

  • German Govt expected to raise growth forecast to 1.8% from 1.5% previously

  • Govt also expects similar rate of growth in 2016 as in the current year

  • EUR/USD intra-day support ~1.0710/15, larger 1.0680/85, 200-HMA & hourly low there 

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