Post Views: 90 Danske Bank EUR/USD: A Hawkish FOMC Could Trigger A Breakout In EUR/USD To The Downside Danske Research sees a scope for a downside breakout in EUR/USD on the back of this week’s FOMC policy meeting. “With EUR/USD having been in range 1.12-1.14 over the last 2 months, this week could very well be the one where we see a breakout to the downside,” Danske notes. “A hawkish Fed meeting, continued slowdown in the manufacturing sector (PMIs) and weakness in the European credit data could combine to do just that. As such, these are the key data releases that we are following this week. We continue to forecast 1.08 in 12M,” Danske adds. Societe Generale Hard To See This…
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