What is the forecast for EUR/USD over the ner-term? Here is their view, courtesy of eFXdata: Societe Generale Research flags a scope for some messy days for EUR/USD trading over the near-term. “Fundamental market drivers haven’t changed, but positions were crowded. If we can now reduce excess dollar shorts, then we’re setting the stage for a few more very messy days before underlying trends reassert themselves. Our Q1 EUR/USD forecast (1.20) no longer looks outdated, and we hope that level will provide a base for this move,” SocGen notes. “The key issues going on from here may be 1) can the ECB successfully talk the euro down, and 2) does relative growth mater in FX (not just in EUR/USD),” SocGen adds. For lots more FX trades from major banks, sign up to eFXplusBy signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next USD/JPY: Above 104.40 Should Finally Confirm A Bull Wedge Reversal – Credit Suisse Kenny Fisher 2 years What is the forecast for EUR/USD over the ner-term? Here is their view, courtesy of eFXdata: Societe Generale Research flags a scope for some messy days for EUR/USD trading over the near-term. "Fundamental market drivers haven't changed, but positions were crowded. If we can now reduce excess dollar shorts, then we're setting the stage for a few more very messy days before underlying trends reassert themselves. Our Q1 EUR/USD forecast (1.20) no longer looks outdated, and we hope that level will provide a base for this move," SocGen notes. "The key issues going on from here may be 1) can… 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.
