EUR/USD made a move to the upside thanks to the terrible Non-Farm Payrolls. Can it continue higher? Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research argues that the EUR bull case relies too heavily on three pillars that have ‘shaky foundations’. “Expectations for EURUSD to break out of its range to the topside rely on a combination of some set of the following three arguments: 1) euro area political risks have receded, returning markets’ focus to economic fundamentals; 2) those fundamentals, continuous improvements and upside surprises in euro area economic indicators, have set the stage for a significant asset allocation shift to euro area equities; and 3) those factors also likely will lead to more rapid ECB policy normalisation,” Barclays notes. “We see problems will all three arguments…We believe the EUR rally will quickly fade, re enforcing recent trading ranges and opening up tactical downside in EURUSD,” Barclays argues. In line with this view, Barclays continues to expect EUR/USD to trade in a 1.06- 1.12 range. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next GBP: Scenarios For UK Elections & Targets For EUR/GBP – Yohay Elam 6 years EUR/USD made a move to the upside thanks to the terrible Non-Farm Payrolls. Can it continue higher? Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research argues that the EUR bull case relies too heavily on three pillars that have 'shaky foundations'. "Expectations for EURUSD to break out of its range to the topside rely on a combination of some set of the following three arguments: 1) euro area political risks have receded, returning markets' focus to economic fundamentals; 2) those fundamentals, continuous improvements and upside surprises in euro area economic indicators, have set the stage for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
