All Things Forex Trading Room: Can the EUR Hold On to Recent Gains vs USD?

In the trading room today: Can the EUR Hold On to Recent Gains vs USD? With the next couple of days scheduled to bring important economic data from the euro-zone, we take a close look at the EUR and explore the potential for the single currency to continue its recent decline against the greenback, we analyze the latest trend developments in the EUR/USD currency pair, we note the bearish breakout in the GBP/USD pair, we keep an eye on the USD/JPY pair as it approaches multi-year highs, we highlight the market’s reaction to the Bank of Japan interest rate announcement, the Bank of England Meeting Minutes, the Japanese Trade Balance, and the U.K. Retail Sales, we discuss new forecasts from Deutsche Bank, Barclays and Credit Suisse, and prepare for the trading session ahead.

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