A break above 1.20 could trigger a move to the 1.22 area, explained analysts at Rabobank. They expect over the months ahead the pair to trade in the range 1.17 to 1.20. Key Quotes: “EUR/USD has trended higher since the start of April. While it has yet to break back above the 1.20 level it has come reasonably close in recent sessions. There are various fundamental factors behind the firmer tone in the currency pair stemming from both Eurozone and US. Technicals suggest that a break above the 1.20 level could trigger a move back to 1.22 and a rally could conceivably happen fairly quickly assuming stops above 1.20 are triggered.” “While profit-taking is perhaps inevitable after a strong move in prices, the fundamentals behind the USD remain significantly better than at the start of the year. The strength of the fiscal spending from the Biden Administration and the optimism surrounding the US’s vaccine roll-out has shifted confidence in the outlook for the US economy, particularly given the disappointments over the vaccine roll-out in the EU and in Japan.” “In the months ahead we expect choppy conditions in G10 markets with EUR/USD potentially mostly within a trading a 1.17 to 1.20 range.” 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 Bank of Canada to keep rates unchanged next week, to announce further tapering – Wells Fargo FX Street 2 years A break above 1.20 could trigger a move to the 1.22 area, explained analysts at Rabobank. They expect over the months ahead the pair to trade in the range 1.17 to 1.20. Key Quotes: "EUR/USD has trended higher since the start of April. While it has yet to break back above the 1.20 level it has come reasonably close in recent sessions. There are various fundamental factors behind the firmer tone in the currency pair stemming from both Eurozone and US. Technicals suggest that a break above the 1.20 level could trigger a move back to 1.22 and 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.