EURUSD Fails to Break Higher After EU Economic Forecast Downgrades

The EURUSD remains below the 1.12 handle after the release of the EU’s economic forecasts provides little sense of direction, as traders remain wary about weakening growth and Italy’s budget deficit crisis. EU growth forecasts have been downgraded to 1.4% in 2019 and 1.6% in 2020.

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EURUSD Fails to Break Higher After EU Economic Forecast Downgrades