What is the outlook for EURUSD in the medium term? Here is their view, courtesy of eFXdata: CitiFX Technicals outlines several cross-market price developments to maintain their bullish bias on spot in the medium term. “EURUSD posted a bullish outside week last Friday, akin to what happened in the week ending 27 Nov. 2020. Subsequent price action saw the EUR enjoy a rally of almost 400 points,” Citi notes. “US 10 year real yields are falling as nominal yields continue to follow a similar path to that seen in 1993- 1994 and 1998-2000 (suggesting that we now see a period of range trading). The US-Germany 10 year yield spread has broken decisively below the 55-day MA with a wide gap to the 200 day MA and trend line support at 153-156 bps. The current spread hovers at 178 bps,” Citi 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 GBP/USD: Next Resistance Above 1.4240 Is At 2018 High Of 1.4377 – UOB Kenny Fisher 1 year What is the outlook for EURUSD in the medium term? Here is their view, courtesy of eFXdata: CitiFX Technicals outlines several cross-market price developments to maintain their bullish bias on spot in the medium term. "EURUSD posted a bullish outside week last Friday, akin to what happened in the week ending 27 Nov. 2020. Subsequent price action saw the EUR enjoy a rally of almost 400 points," Citi notes. "US 10 year real yields are falling as nominal yields continue to follow a similar path to that seen in 1993- 1994 and 1998-2000 (suggesting that we now see a period… 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.
