Has EUR/USD ended its correction and ready for another leg down? Many share this opinion, but not the team at Credit Agricole. They stay long on EUR/USD and provide reasoning for this stance: Here is their view, courtesy of eFXnews: We remain of the view that the EUR is facing upside correction risk in the weeks to come. This is due to stabilizing ECB monetary policy expectations and as the EUR-related capital flow situation may turn more positive towards the end of the year. First of all it appears unlikely that investors’ central bank easing expectations can rise considerably further unless central bank President Draghi makes a bigger case of sovereign quantitative easing being considered anytime soon. However, ECB members made clear that more time is needed in order to evaluate the latest measures’ impact on the economy. Elsewhere, improving sentiment, as indicated by the sentix investor confidence survey, may be indicative for rising demand for EUR-denominated risk assets. As a result to the above outlined conditions we remain long EUR/USD as a tactical trade recommendation. 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 Forex News Today: Daily Trading News share Read Next Orbex launches educational “Trade Responsibly” campaign Yohay Elam 7 years Has EUR/USD ended its correction and ready for another leg down? Many share this opinion, but not the team at Credit Agricole. They stay long on EUR/USD and provide reasoning for this stance: Here is their view, courtesy of eFXnews: We remain of the view that the EUR is facing upside correction risk in the weeks to come. This is due to stabilizing ECB monetary policy expectations and as the EUR-related capital flow situation may turn more positive towards the end of the year. First of all it appears unlikely that investors' central bank easing expectations can rise considerably further… Top 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.
