Rates markets are starting to shift in favor of another ECB rate cut by the end of the year, while pricing for a Fed rate hike has jumped forward more than six months over the past two weeks. This all adds up to an environment tilting more bearish for EUR/USD in the short-term.
from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/forecast/weekly/eur/2016/07/24/Pressure-Back-on-EURUSD-as-Market-Sees-Looser-ECB-Tighter-Fed.html?DFXfeeds=forex:fundamental:forecast:weekly:eur
Pressure Back on EUR/USD as Market Sees Looser ECB, Tighter Fed
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