EURUSD forecast and analysis of the coming week (week 9)

EURUSD remains consolidated around the 1.08 levels for the last few days. With a slight break on Thursday, where the Euro-Dollar traded as high as 1.0880 for a short period of time. The strength of the Dollar is still dominant against the Euro, and the economic data is also in favor of the United States. Although this coming week we have a new month on Friday there will be no unemployment data in the United States. But instead we have US Gross Domestic Product on Wednesday, Core Personal Consumption Expenditures on Thursday, and German inflation and retail sales data rounding out the week's highlights. World-Signals.com's expectation for this week is for a smooth decline in the Dollar until the middle of the week, when levels above 1.09 are likely, after which a correction downwards again to 1.08 is possible.

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