EUR/USD: Scope for a move back to the 1.06 area into the spring – Rabobank EURUSD Banks
“The market has now built substantial EUR longs meaning that the single currency will become increasing sensitive to the realisation that headwinds togrowth remain, albeit at a far more reduced level than was anticipated towards the end of last year.”
“While we expect EUR/USD to hold around 1.09 on a one-month view, we see scope for a move back to the 1.06 area into the spring.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Price Analysis: Fades bounce off fortnight-old support line below 1.0900EUR/USD Price Analysis: Fades bounce off fortnight-old support line below 1.0900 EURUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »
EUR/USD: 29th January - 4th FebruaryThe EURUSD went into the weekend near the 1.08655 ratio- Forex Trading FX Money Markets
Read more »
Weekly Forex Forecast \u2013Gold, EUR/USD, AUD/USD, S\u0026P 500 IndexThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week.
Read more »
EUR/USD reflects market tension around 1.0870 ahead of German GDP, Fed vs. ECB battleEUR/USD treads water around 1.0870-60 as markets remain on a dicey floor ahead of the key central bank meetings and data. Adding strength to the marke
Read more »
EUR/USD looks consolidative in the near term – UOBUOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia suggest EUR/USD could now trade between 1.0800 and 1.0930 in the nex
Read more »
EUR/USD resumes the upside and targets 1.0900The European currency starts the new trading week on the positive foot and lifts EUR/USD back to the vicinity of the key barrier at 1.0900 the figure
Read more »