Analysts at Citi Group remains bearish on the US dollar in the Fed’s aftermath while maintaining a bullish EUR/USD outlook heading into the year-end. Key quotes “We stay bearish USD. The FOMC did not rock the boat yesterday, and played out very much in line with our expectations, with the key message continued, forceful stimulus, even without new dovish impulses.” “CitiFX Technicals notes that the pair closed above a good horizontal resistance level at 1.2178 and is trading at a new trend high.” “We expect at least a move towards 1.2375 (measured move) by year end and possibly and extension towards 1.25 as we saw in January 2018 after the September 2017 high gave away.” 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 Ireland’s Varadkar: Both sides will want to get a Brexit deal by Christmas FX Street 1 year Analysts at Citi Group remains bearish on the US dollar in the Fed’s aftermath while maintaining a bullish EUR/USD outlook heading into the year-end. Key quotes "We stay bearish USD. The FOMC did not rock the boat yesterday, and played out very much in line with our expectations, with the key message continued, forceful stimulus, even without new dovish impulses.” "CitiFX Technicals notes that the pair closed above a good horizontal resistance level at 1.2178 and is trading at a new trend high.” “We expect at least a move towards 1.2375 (measured move) by year end and possibly and extension towards… 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.
