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Aug 16 - 06:12 AM
EUR/USD - On Course For 1.1000 Test Where Upside Risk Will Soar
First appeared on eFXplus on Aug 16 - 04:00 AM
  • EUR/USD weighed by expectations for substantial ECB easing in September
  • However large it's hard to envisage ECB will equal coming Fed easing
  • If markets are correct Fed will cut at least 50bps this year 75 by Feb 2020
  • Forecasters eye a rebound, median 1.1200, 1.1300 and 1.1500 3//6/12 months
  • Interest rates have been steadily turning against the trend
  • Traders are short and will get much shorter if they try and take out 1.1000
  • May 2017 low 1.0839, 76.4% 2017-18 rise @ 1.0863 key for dip buying strategy

EUR/USD monthly chart Click here

EUR/USD FX poll Click here

Fed funds Feb 2020 view Click here

Source:
Refinitiv IFR Research/Market Commentary

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