The current EUR/USD’s current consolidation phase is expected to be broken to the downside, according to the Rabobank FX analyst’s team. The frictions between EU members amid the economic consequences of the COVID-19 lockdowns will weaken the euro against the safe-haven USD, according to the experts. Key Quotes “Market participants can do little else but look on as lawyers and politicians debate the implications of this month’s German Court ruling on the proportionality of ECB asset purchases. Whatever the eventual outcome of this debate on ECB business, the fact that there is a dispute is evidence of further friction within the EU.” “Since the lockdowns are lengthening unemployment queues and creating the biggest economic shock at least since the Second World War, it is likely that if politicians do not steer carefully that tensions will become inflamed within the region.” “Set against a backdrop of solid demand for the USD, we see scope for a dip in EUR/USD towards 1.05 on a 3-month view.” 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 USD/JPY: Risks remain titled to downside – MUFG FX Street 2 years The current EUR/USD's current consolidation phase is expected to be broken to the downside, according to the Rabobank FX analyst’s team. The frictions between EU members amid the economic consequences of the COVID-19 lockdowns will weaken the euro against the safe-haven USD, according to the experts. Key Quotes “Market participants can do little else but look on as lawyers and politicians debate the implications of this month’s German Court ruling on the proportionality of ECB asset purchases. Whatever the eventual outcome of this debate on ECB business, the fact that there is a dispute is evidence of further friction within the EU.”… 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.
