According to a weekend note from analysts at ANZ, the EUR/USD major pair could make a move towards 1.25 in the coming months as fundamentals throughout the Eurozone stabilize. Key quotes “Trump-Junker trade talks were successful in defusing immediate trade tensions but progress on trade talks is essential in coming months. The ECB made no changes to its forward guidance or medium term growth and inflation outlook. However, Draghi did seem more confident in the ECB’s growth assessment and the prospect for a sustainable convergence in inflation to target. We believe a more positive backdrop for the euro is emerging, having been rocked by trade anxiety and elevated growth concerns in Q2. Stabilising growth and reduced trade anxiety should allow for a gradual EUR recovery in coming months. Fundamentally, a weaker EUR is not needed, whilst sustained EUR depreciation could unsettle renewed trade dialogue between Brussels and Washington. Higher US policy rates are not a reason to sell the EUR. We advise buying the EUR vs USD at current levels and averaging into any near term weakness. We look for a medium term move towards 1.25 and above.” 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 New Zealand inflation looks set to lift – ANZ FX Street 5 years According to a weekend note from analysts at ANZ, the EUR/USD major pair could make a move towards 1.25 in the coming months as fundamentals throughout the Eurozone stabilize. Key quotes "Trump-Junker trade talks were successful in defusing immediate trade tensions but progress on trade talks is essential in coming months. The ECB made no changes to its forward guidance or medium term growth and inflation outlook. However, Draghi did seem more confident in the ECB's growth assessment and the prospect for a sustainable convergence in inflation to target. We believe a more positive backdrop for the euro is emerging,… 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.
