Forex and Cryptocurrencies Forecast for May 11 – 15, 2020

<p>First, a review of last week’s events: </p>
<p>- EUR/USD. The Constitutional Court of Germany dealt a blow to the ECB's efforts to save the European economy last week. It decided that the European regulator had exceeded its authority regarding the quantitative easing (QE) program, and therefore its decisions were not binding on Germany. This news immediately weakened the EUR/USD position.&nbsp;If you add to this the lack of compromise among EU governments over fiscal stimulus, the risks of Eurozone fragmentation are growing every day.</p>