EUR/USD climbed a bit higher only to turn back south. What’s next? The range may be limited and predictable for quite some time. Here is their view, courtesy of eFXdata: Nordea Research discusses EUR/USD outlook in light of today’s ECB meeting. “The ECB meeting caused very limited market moves, as there was little new for the market to take bets on. EUR/USD trades slightly lower than prior to the meeting, while EUR rates have faded a little over the press conference… EUR/USD seems rather range-bound between 1.1550 and 1.1800 currently. We don’t see any short-term trigger of a break-out, but keep our bias that the probability of a break on the downside looks most likely, especially if the potential for higher 10-year bond yields in the US materialize,” Nordea argues. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next Ethereum price analysis: ETH/USD dips back to $460 moving in lockstep with Bitcoin FX Street 5 years EUR/USD climbed a bit higher only to turn back south. What's next? The range may be limited and predictable for quite some time. Here is their view, courtesy of eFXdata: Nordea Research discusses EUR/USD outlook in light of today's ECB meeting. "The ECB meeting caused very limited market moves, as there was little new for the market to take bets on. EUR/USD trades slightly lower than prior to the meeting, while EUR rates have faded a little over the press conference... EUR/USD seems rather range-bound between 1.1550 and 1.1800 currently. We don't see any short-term trigger of a break-out, but… 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.
