Tim Riddell, Research Analyst at Westpac, suggests that relatively market benign response to US elections could see EUR rebound. Key Quotes “EZ industrial production (IP) has declined over the past year. Last week the ECB finally warned that the moderation might be more than just a reaction to 2017’s strength.” “ZEW expectations turned before the slide in IP and the chart shows that they tend to lead by 4-6 months, suggesting weakness into 2019. EUR/USD rebounds may therefore reflect an unwinding of USD longs, unless there is a material lift in EZ activity.” “The 1.18 area should cap EUR/USD before it slides back to recent lows. Look to enter opportunistic EUR longs at 1.1440 (stops at 1.1375) to then close and reverse at 1.1800.” 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 Canada: Housing starts projected to rebound to a 198k in October – TDS FX Street 4 years Tim Riddell, Research Analyst at Westpac, suggests that relatively market benign response to US elections could see EUR rebound. Key Quotes "EZ industrial production (IP) has declined over the past year. Last week the ECB finally warned that the moderation might be more than just a reaction to 2017's strength." "ZEW expectations turned before the slide in IP and the chart shows that they tend to lead by 4-6 months, suggesting weakness into 2019. EUR/USD rebounds may therefore reflect an unwinding of USD longs, unless there is a material lift in EZ activity." "The 1.18 area should cap EUR/USD before… 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.
