Usd to eur currency chart: EUR/USD Week Ahead Forecast: At Top of Descending Channel

“There could be more positive news on Thursday from IHS Markit’s preliminary PMI readings for April. The Eurozone’s manufacturing PMI is forecast to rise for the first time since July 2018, edging up from 47.5 to 48.0 in April. The services PMI is projected to ease to 53.1 after two months of solid increases. Meanwhile, the composite PMI, which includes both manufacturing and services, is forecast to nudge higher from 51.6 to 51.7, indicating a slight acceleration in overall growth in the euro area,” says Raffi Boyadjian, an economist at FX broker XM.com .

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