EUR/USD managed to stabilize and gain some ground, but never went too far. What’s next? Here is their view, courtesy of eFXdata: MUFG Research discusses EUR/USD outlook and maintains a slightly bearish bias but thinks that any near-term downside will like be limited ahead of 1.1450. “While it is still early days, the price action is supportive of our view that the scope for further euro weakness is likely more limited from current undervalued levels. The euro also shares many similar characteristics with other safe haven currencies like the yen and Swiss franc which could help it to outperform during more risk-averse periods too. The ECB’s strengthened forward guidance could strengthen its appeal as a funding currency. The euro-zone is also recording a sizeable and widening current account surplus. The recent strengthening of the euro may reflect as well some easing of concerns over slowing euro-zone growth in the near-term,” MUFG 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 Forex News Today: Daily Trading News share Read Next Asian stocks continue to fall back as trade fears extend their stay, Chinese equities take a beating FX Street 4 years EUR/USD managed to stabilize and gain some ground, but never went too far. What's next? Here is their view, courtesy of eFXdata: MUFG Research discusses EUR/USD outlook and maintains a slightly bearish bias but thinks that any near-term downside will like be limited ahead of 1.1450. "While it is still early days, the price action is supportive of our view that the scope for further euro weakness is likely more limited from current undervalued levels. The euro also shares many similar characteristics with other safe haven currencies like the yen and Swiss franc which could help it to outperform during… Top 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.
