EUR/USD has been changing hands under 1.21, as investors follow Italy’s ongoing political crisis. According to Terence Wu, FX Strategist at OCBC Bank, the next target is at 1.2050, before 1.2000. Key quotes “The sharp breach of the 1.2130/50 zone to the downside leaves the EUR/USD bearish on the technical perspective.” “Expect the EUR to be under pressure in the immediate horizon, especially as political uncertainty seems to have spread from Italy to the Netherlands.” “1.2050 may be the next target, before 1.2000.” “A bounce clear of 1.2200 may be needed to negate the downtrend.” 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 USD/JPY to experience a gradual decline FX Street 2 years EUR/USD has been changing hands under 1.21, as investors follow Italy's ongoing political crisis. According to Terence Wu, FX Strategist at OCBC Bank, the next target is at 1.2050, before 1.2000. Key quotes “The sharp breach of the 1.2130/50 zone to the downside leaves the EUR/USD bearish on the technical perspective.” “Expect the EUR to be under pressure in the immediate horizon, especially as political uncertainty seems to have spread from Italy to the Netherlands.” “1.2050 may be the next target, before 1.2000.” “A bounce clear of 1.2200 may be needed to negate the downtrend.” 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.
