EUR/USD is stuck in a well defined range. While this is a nice setup for some trades, many others would prefer to see a break out. To what direction? The team at Danske sees a consolidation before the next leg lower and they explain: Here is their view, courtesy of eFXnews: We expect EUR/USD to grind lower on monetary and growth divergence. We expect the ECB to reach for more tools in early 2015, paving the way for further EUR weakness. Meanwhile, we expect the Fed to surprise markets and begin its tightening cycle in June 2015. We expect the USD to rally ahead of the Fed’s tightening cycle. We expect EUR/USD to rebound on a six- to 12- month horizon as eurozone deflation risks disappear and the growth differential between the US and eurozone narrows. 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/JPY: Short-Term Positioning Circuit Breaker – Credit Agricole Yohay Elam 7 years EUR/USD is stuck in a well defined range. While this is a nice setup for some trades, many others would prefer to see a break out. To what direction? The team at Danske sees a consolidation before the next leg lower and they explain: Here is their view, courtesy of eFXnews: We expect EUR/USD to grind lower on monetary and growth divergence. We expect the ECB to reach for more tools in early 2015, paving the way for further EUR weakness. Meanwhile, we expect the Fed to surprise markets and begin its tightening cycle in June 2015. We expect the… 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.
