What is the outlook for EUR in the near-term? Here is their view, courtesy of eFXdata: Citi flags a scope for further EUR downside in the near-term. “After 11 hours of tense talks that ended early Tuesday, Germany Chancellor Merkel and state leaders extended existing lockdown measures for four more weeks. However they failed to reach an agreement on tougher measures. “We are now in a very, very serious situation,” she acknowledged,” Citi notes. “We believe that EUR remains vulnerable to lockdown and vaccine risks for the foreseeable future. The latter has seen significant moves, with circuit breakers triggered in the Borsa Istanbul 100 Index today. Some risk reduction in broader EM may make sense, though there may be some pain given long positioning in EM,” Citi adds. For lots more FX trades from major banks, sign up to eFXplusBy signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next USD/CHF to maintain an intact bullish bias above 0.9210 – Commerzbank FX Street 2 years What is the outlook for EUR in the near-term? Here is their view, courtesy of eFXdata: Citi flags a scope for further EUR downside in the near-term. "After 11 hours of tense talks that ended early Tuesday, Germany Chancellor Merkel and state leaders extended existing lockdown measures for four more weeks. However they failed to reach an agreement on tougher measures. "We are now in a very, very serious situation," she acknowledged," Citi notes. "We believe that EUR remains vulnerable to lockdown and vaccine risks for the foreseeable future. The latter has seen significant moves, with circuit breakers triggered in… 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.
