For the first time in almost three years, EUR/USD spent some time below 1.08. Analysts at Rabobank expect more bearish pressure in the pair following weak German data and lower Chinese growth forecast. Key quotes “The currency pair’s lurch lower followed a relatively weak reading from the ZEW survey. The index that should track the expectations of investors plummeted from 26.7 in January to 8.7 in February, whereas the assessment of the current situation declined from -9.5 to -15.7.” “Optimists may find some reassuring words in yesterday’s statement from the EU finance ministers, in which they concluded that ‘if downside risks were to materialise, fiscal responses should be differentiated, aiming for a more supportive stance at the aggregate level, while ensuring full respect of the Stability and Growth Pact’.” “The statement adds to the arguments that the ECB will probably keep its policy on hold in the next few meetings. That said, it remains to be seen whether this would actually result in timely and substantial fiscal expansion from the German side, and we therefore do still believe that the ECB will have to take further action later in the year.” “If the virus continues to hit forecasts for Chinese growth, we could also expect further downward pressure on EUR/USD.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China: Growth downgraded – Standard Chartered FX Street 2 years For the first time in almost three years, EUR/USD spent some time below 1.08. Analysts at Rabobank expect more bearish pressure in the pair following weak German data and lower Chinese growth forecast. Key quotes “The currency pair’s lurch lower followed a relatively weak reading from the ZEW survey. The index that should track the expectations of investors plummeted from 26.7 in January to 8.7 in February, whereas the assessment of the current situation declined from -9.5 to -15.7.” “Optimists may find some reassuring words in yesterday’s statement from the EU finance ministers, in which they concluded that ‘if downside… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.