Analysts at Nordera research offered some FX quickies for those of a tactical persuasion. Key Quotes: “EUR/USD: range-bound with a downward bias. Wedge broke lower as a result of Italian politics. If 1.1510 doesn’t hold, 1.1448 is next. Below that the next support level is 1.1187.” “EUR/NOK: rising excess bank liquidity a seasonal problem for the NOK even as a first rate hike beckons. Shorts should stay away for a few more weeks.” “EUR/SEK: stuck in a wedge. We look for a break on the upside due to the Riksbank’s newfound focus on too-low services inflation. Core inflation will disappoint the coming week.” “EUR/GBP: Above 0.90 it could look interesting to be long GBP again from a risk/reward perspective. Bank of England seems to have a low tolerance for a weaker GBP.” 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 China makes it more expensive to short CNY – ANZ FX Street 5 years Analysts at Nordera research offered some FX quickies for those of a tactical persuasion. Key Quotes: "EUR/USD: range-bound with a downward bias. Wedge broke lower as a result of Italian politics. If 1.1510 doesn't hold, 1.1448 is next. Below that the next support level is 1.1187." "EUR/NOK: rising excess bank liquidity a seasonal problem for the NOK even as a first rate hike beckons. Shorts should stay away for a few more weeks." "EUR/SEK: stuck in a wedge. We look for a break on the upside due to the Riksbank's newfound focus on too-low services inflation. Core inflation will disappoint… 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.
