While EUR/USD briefly went above 1.10 last week, the cross ended lower on the potential for a renewed US-China skirmish and EU hashing out its internal differences. Analysts at Danske Bank see the next developments to unfold in a positive way for the shared currency. Today, the German IFO survey for May is due at 08:00 GMT. Key quotes “We think EUR/USD will continue to move at 1.09 +- 2 figures, depending largely on global reflation trends.” “We tend to see the tactical risk as being towards the upside in spot; especially as the EU is likely to reach a grant-friendly budget deal given both France and Germany are behind this, coronavirus keeps fading and global easing already done.” 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 GBP/USD: All signs are bearish for the pound FX Street 3 years While EUR/USD briefly went above 1.10 last week, the cross ended lower on the potential for a renewed US-China skirmish and EU hashing out its internal differences. Analysts at Danske Bank see the next developments to unfold in a positive way for the shared currency. Today, the German IFO survey for May is due at 08:00 GMT. Key quotes “We think EUR/USD will continue to move at 1.09 +- 2 figures, depending largely on global reflation trends.” “We tend to see the tactical risk as being towards the upside in spot; especially as the EU is likely to reach a… 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.
