Home EUR/USD: Rallies A Sell Targeting 1.10 In 3-Months – SEB
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EUR/USD: Rallies A Sell Targeting 1.10 In 3-Months – SEB

EUR/USD has managed to stabilize and find its legs around 1.17. But it can continue recovering? Here is the view from SEB:

Here is their view, courtesy of eFXdata:

SEB Research discusses EUR/USD outlook and  adopts a bearish bias in the medium term, targeting the pair at 1.10 over a three-month horizon.

“Given the outlook for continued Fed tightening this year and next, we expect the dollar to continue to regain lost ground in coming quarters.

Further widening of interest rate differentials is likely to give further support to the USD near-term and a move down towards 1.10 in EUR/USD seems likely.

However, once the ECB and other central banks start to normalize policy, we believe these forces, together with USD-negative rebalancing flows, will exert renewed downward pressure,” SEB argues.

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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.