According to Arne Rasmussen, Head of FI Research at Danske Bank, there is still room for a test of the 1.1500 area. Key Quotes “EUR/USD revisited the 1.17 level again yesterday on a day that saw little news on either side of the Atlantic”. “We still look for a drop into the 1.15 region near term as cyclical and trade tensions support USD in the current environment”. “However, notably, marked shifts in positioning hints that we are not too far from a bottom in EUR/USD as the market is close to stretched on USD longs now”. 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 Ethereum price analysis: ETH/USD range-bound, but trading volume spikes from $2.4 billion to $4 billion in less than two days FX Street 4 years According to Arne Rasmussen, Head of FI Research at Danske Bank, there is still room for a test of the 1.1500 area. Key Quotes "EUR/USD revisited the 1.17 level again yesterday on a day that saw little news on either side of the Atlantic". "We still look for a drop into the 1.15 region near term as cyclical and trade tensions support USD in the current environment". "However, notably, marked shifts in positioning hints that we are not too far from a bottom in EUR/USD as the market is close to stretched on USD longs now". 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.
