EUR/USD Weekly Forecast: ECB Expected to Retain Rates

<div><img width="638" height="390" src="https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14.png" class="type:primaryImage wp-post-image" alt="my EUR/USD price analysis forecast outlook" decoding="async" style="margin-bottom: 15px;" srcset="https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14.png 638w, https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14-300×183.png 300w, https://www.forexcrunch.com/wp-content/uploads/2022/01/Screenshot_2-14-150×92.png 150w" sizes="(max-width: 638px) 100vw, 638px" /></div>
<p>The US released better-than-expected data on services sector activity. Germany experienced a slightly larger-than-anticipated decline in industrial production for July. Investors will watch the ECB monetary policy meeting on Thursday. The EUR/USD weekly forecast is bearish as most economists believe the ECB will hold rates steady in its next meeting. Ups and downs of EUR/USD…</p>
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