EUR/USD Price Forecast: Bullish outlook remains in play above 1.1300

  • The EUR/USD pair gathers strength to near 1.1330 during the early European session on Wednesday, bolstered by a weaker US Dollar (USD). The "sell America" theme continues after Moody's lowered the US rating from 'Aaa' to ‘Aa1', citing that successive US administrations had failed to reverse ballooning deficits and interest costs.