EUR/USD made a clear break higher. What’s next? The team at ABN-AMRO sees further room to the upside. Here is their view, courtesy of eFXnews: ABN AMRO FX Strategy Research makes the case for further EUR/USD upside this year on the ground of 5 key reasons: ABN argues that: 1- “a 25bp Fed rate hike in June is fully discounted and a 25bp rate hike in September is for around 50% priced in. 2-The market will continue to focus on ECB tapering and this should support the euro going forward 3-The negative headlines about the Trump administration will probably remain. 4- More squaring of speculative net-long USD positions as these positions will likely be cut towards neutral which could mean another 4% decline in the dollar versus a basket of currencies. 5- The technical picture has turned negative a the US dollar index has broken below the 200-day moving average and EUR/USD above this technical level.” ABN argues. In line with this view, ABN now targets further EUR/USD upside towards 1.15 this year and 1.20 next year and expects speculative investors will look for opportunities to sell the dollar and buy the euro. EUR/USD is trading circa 1.1160 as of writing. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next USD recovers after special counsel appointed Yohay Elam 6 years EUR/USD made a clear break higher. What's next? The team at ABN-AMRO sees further room to the upside. Here is their view, courtesy of eFXnews: ABN AMRO FX Strategy Research makes the case for further EUR/USD upside this year on the ground of 5 key reasons: ABN argues that: 1- "a 25bp Fed rate hike in June is fully discounted and a 25bp rate hike in September is for around 50% priced in. 2-The market will continue to focus on ECB tapering and this should support the euro going forward 3-The negative headlines about the Trump administration will probably remain.… 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.
