Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Oct 24 - 02:55 AM

EUR/USD - Several Reasons For EUR/USD's Return To Middle Ground

By Jeremy Boulton  —  Oct 24 - 02:30 AM
  • EUR/USD has rarely ventured outside of a 1.05-1.10 range this year

  • Currency pairs often gravitate toward the centre of ranges

  • In October EUR/USD drop became stretched below base 20-week Bollingers

  • The probability of further U.S. hikes has fallen, 3 cuts eyed next year

  • Intervention to underpin EUR/CHF during risk aversion would support EUR/USD

  • Rebalancing of any intervention would later weigh EUR/USD nL1N3BT0J8

  • Traders slashed EUR/USD longs, investors are long $ - hence struggle to rise

  • The trend that began last Sept remains intact - U.S. rate cuts may revive it

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved