The EUR/USD was able to climb a little in the first half of Wednesday’s session. This was largely thanks to a positive risk sentiment, after China’s announcement of large-scale stimulus measures to support its slowing economy helped to boost the equity markets. This latest optimism comes alongside the positive market sentiment following the Federal Reserve’s rate cut last week. But despite these international factors, domestic concerns remain for the German economy, discouraging us to be very bullish on the EUR/USD forecast, despite the dollar’s overall bearish trend. Indeed, looking at euro crosses such as the EUR/GBP, which is approaching its post-Brexit lows, you can see that there is very little underlying strength for the euro and that the EUR/USD’s weakness is masked by a weak US dollar right now.