In their weekly strategy report, analysts at Citibank, explained that they pushed back the rate hike timing of the European Central Bank to the first quarter of 2021 after the latest meeting, which may undermine EUR. Key Quotes: “Investors are equally worried about the broader aggregate Eurozone data momentum and potential for recession risks. Eurozone current account surpluses, Chinese easing and fading US growth outperformance may underpin EUR in the medium and long term.” “EUR/USD continued to retreat while Slow Stochastic did not follow with higher lows. A bottom divergence pattern may send EUR higher, with resistance at 1.1514 and support at 1.1177.” “The dovish Fed, China’s policy stimulus and likely Chinese economic stabilization in 3Q may weaken USD in the medium and long term, which may support 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 Gold unable to convince on the upside, turning south towards breakout support-line FX Street 4 years In their weekly strategy report, analysts at Citibank, explained that they pushed back the rate hike timing of the European Central Bank to the first quarter of 2021 after the latest meeting, which may undermine EUR. Key Quotes: "Investors are equally worried about the broader aggregate Eurozone data momentum and potential for recession risks. Eurozone current account surpluses, Chinese easing and fading US growth outperformance may underpin EUR in the medium and long term." "EUR/USD continued to retreat while Slow Stochastic did not follow with higher lows. A bottom divergence pattern may send EUR higher, with resistance at 1.1514… 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.
