Rabobank analysts note that in recent sessions EUR/USD has touched its lowest level since June 2017, but they expect a gradual recovery in the EUR on a 12 month view. Key Quotes “The move is interesting for many different reasons both technical and fundamental. The push below the 1.12 area reinforces our forecast for a drop towards 1.10 on a 3 to 6 month view. We then expect a gradual recovery in the EUR on a 12 month view.” “Although numerically EUR/USD1.10 is not far away, it would represent a significant psychological step given the strength of the 1.12 area as support since the end of last year.” “A persuasive break lower in EUR/USD had been made more difficult by the likelihood that the market is already holding short EUR positions and by the fact that the market consensus continues to call for a move higher in the EUR.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Pres. Trump: Called OPEC, told it to bring oil prices down FX Street 4 years Rabobank analysts note that in recent sessions EUR/USD has touched its lowest level since June 2017, but they expect a gradual recovery in the EUR on a 12 month view. Key Quotes "The move is interesting for many different reasons both technical and fundamental. The push below the 1.12 area reinforces our forecast for a drop towards 1.10 on a 3 to 6 month view. We then expect a gradual recovery in the EUR on a 12 month view." "Although numerically EUR/USD1.10 is not far away, it would represent a significant psychological step given the strength of the 1.12… 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.
