All Things Forex Trading Room: Is the EUR Rally vs USD Losing Steam?

In the trading room today: Is the EUR Rally vs USD Losing Steam? With the EUR taking the center stage in the current trading week but pulling back from the highs reached after the Fed meeting, we take a close look at the single currency and ponder if the EUR rally against the USD may be starting to lose steam, we analyze the latest trend developments in the EUR/USD currency pair, we note the price correction in GBP/USD pair, we keep an eye on the USD/JPY pair, we highlight the market’s reaction to the Euro-zone PMI and the German Ifo Business Climate Index, we discuss new forecasts from Credit Suisse and UBS, and prepare for the trading session ahead.

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