The current consolidation phase of the EUR/USD might be broken downwards, according to the FX analysis team at Rabobank, which sees the pair pulling back towards 1.09 by year-end. Key quotes “Depending on whether the EU 27 can ratify the European Commission’s proposal for a recovery fund, it is possible that the fundamentals of the EUR have undergone a structural improvement that has helped to shift the trading range for EUR/USD higher.” “Over the past month, the average rate for EUR/USD has been close to 1.1258. This compares with 1.1089 in the 3 months to the end of January. Whether this change is borne out dependents on the negotiations currently underway between European leaders and finance ministers.” “That said, on the view that broad-based optimism about the extent of the recovery trade will falter in the months ahead, we continue to see scope for a dip back to the EUR/USD1.09 area by the end of the year.” 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 GBP/USD jumps toward 1.2400 as pound soars FX Street 2 years The current consolidation phase of the EUR/USD might be broken downwards, according to the FX analysis team at Rabobank, which sees the pair pulling back towards 1.09 by year-end. Key quotes “Depending on whether the EU 27 can ratify the European Commission’s proposal for a recovery fund, it is possible that the fundamentals of the EUR have undergone a structural improvement that has helped to shift the trading range for EUR/USD higher.” “Over the past month, the average rate for EUR/USD has been close to 1.1258. This compares with 1.1089 in the 3 months to the end of January. Whether… 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.
