The EUR/USD may be headline-driven, as the Franco-German virus recovery plan is tabled for discussion today. Terence Wu, an FX strategist at OCBC Bank, does not expect the pair to past 1.1000 meaningfully. Key quotes “The option space is not pricing in significant moves, but odds seem better for an upside surprise on a breakthrough in talks, rather than the opposite.” “A significant push-back from the northern Europe bloc will be needed for the pair to turn significantly south.” “For now, expect the 200-day MA (1.1012) to cap advances.” 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 Economists: UK economy to face 5% annual deficit by 2024 – FT FX Street 3 years The EUR/USD may be headline-driven, as the Franco-German virus recovery plan is tabled for discussion today. Terence Wu, an FX strategist at OCBC Bank, does not expect the pair to past 1.1000 meaningfully. Key quotes “The option space is not pricing in significant moves, but odds seem better for an upside surprise on a breakthrough in talks, rather than the opposite.” “A significant push-back from the northern Europe bloc will be needed for the pair to turn significantly south.” “For now, expect the 200-day MA (1.1012) to cap advances.” 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.
