What do you think EUR/USD will do this week on the Forex? -

It fell pretty hard last week...do you think it will rally up or fall more? Lower. AS US inetrest rate ticking higher amp; Bund futures will under buying pressure this week (correction after heavy selling last few weeks). The pressure on EUR/USD is on lower side. BUY USD across all currencies. Hope that helped I would go with the longer trend and short the currency pair... thats the technical side of things... as with the fundamentals - it also indicates a fall due to the interest rate differentials. I Agree with ksad200 U.S. market still expecting a higher interest rate as Mr. Poole mention about 5.25% is reasonable rate. As ECB President Jean-Claude Trichet fail to address a clear path about the Euro Zone rates last week. The U.S. dollar also helped by the Non-farm payroll data release last fiday showing a better than expected. The oil price also ticked higher as higher oil price transalte to higher dollar.