Analysts at Citibank see the EUR/USD pair moving higher over the next months. They forecast EUR/USD at 1.24 in a three months period and at 1.27 in a six to twelve month horizon. Key Quotes: “Stronger FDI and reserve manager buying in the EA than anticipated could push EUR higher. Recent IMF data suggest that reserve managers continue to diversify away from USD holdings. If the US recovery is hampered by rising cases and renewed local lockdowns, this could be USD negative and EUR positive.” “EURUSD drifted lower to test the rising channel base in the short term chart at 1.2242-47, which seems to be holding pretty nicely. If the channel base continues to hold as a good support, that should push the pair higher towards the top of the channel at 1.2402. A close above this level would suggest the potential for renewed gains towards the Feb 2018 high at 1.2555 and fibo 0.618 at 1.2598.” 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 NY Fed Survey: Expected household income growth increases to 2.2% in December FX Street 11 months Analysts at Citibank see the EUR/USD pair moving higher over the next months. They forecast EUR/USD at 1.24 in a three months period and at 1.27 in a six to twelve month horizon. Key Quotes: “Stronger FDI and reserve manager buying in the EA than anticipated could push EUR higher. Recent IMF data suggest that reserve managers continue to diversify away from USD holdings. If the US recovery is hampered by rising cases and renewed local lockdowns, this could be USD negative and EUR positive.” “EURUSD drifted lower to test the rising channel base in the short term chart at… Top 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.
