EUR/USD is trading at the 1.18 handle, something unseen for well over two years. What’s next? A mix of issues for the Trump Administration and unimpressive economic figures from the US set the stage for a significant sell-off of the US dollar. In the euro-zone, nothing of huge substance has happened, but the euro has the wind behind it since the beginning of the year. The regular EUR/USD forecast will be back next week. In the meantime, follow updates below, as well as the two opinions on what’s next: [do action=”autoupdate” tag=”EURUSDUpdate”/]Here is their view, courtesy of eFXnews: EUR/USD: Is Close Above 2015 Highs The Beginning Of Something More? – Barclays Barclays Capital FX Strategy Research notes that that the current debate in FX market is whether the recent EUR/USD close above 2015 highs of 1.1714 represents the beginning of something more. “We address this subject and conclude that valuation, relative returns and risks do not support further appreciation. Instead, conditions for a tactical reversal are increasingly apparent,” Barclays argues. In terms of European data this week, Barclays notes that they are unlikely to change the well-appreciated dynamic of still-low inflation expecting Monday’s July HICP at 1.3% y/y in line with consensus. EUR/USD: ‘Elevator Up, Stairs Down’; A Big Deal On Tech Front: Key Targets – Nordea Nordea FX Strategy Research notes that EUR/USD recent price-action can be summarized by the phrase ‘elevator up, stairs down’. “….And despite diverging vs rate spreads, despite stretched positioning (on IMM and similar data), despite a higher US economic surprise index, and despite a lull in equity inflows, the pair keeps rising. We suspect real money reallocations amidst thin markets are at work, and while EUR/USD is now almost in line with its long-term (since 1973) average of 1.18, 1.25 – which is a nice round number, and 1.29 – the average since 2005 are more likely to be seen as “fair” values,” Nordea argues. Technically, Nordea argues that the weekly close above 1.1685 is a ‘big deal’. “The next likely resistance is the 200wma at 1.1798, above which 1.25 beckons (38.2% retracement of the 2008-2017 drop),” Nordea project. 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 EUR/USD ForecastMajors share Read Next USD: This Pattern Happened Only For USD 5 Times Since Yohay Elam 5 years EUR/USD is trading at the 1.18 handle, something unseen for well over two years. What's next? A mix of issues for the Trump Administration and unimpressive economic figures from the US set the stage for a significant sell-off of the US dollar. In the euro-zone, nothing of huge substance has happened, but the euro has the wind behind it since the beginning of the year. The regular EUR/USD forecast will be back next week. In the meantime, follow updates below, as well as the two opinions on what's next: [do action="autoupdate" tag="EURUSDUpdate"/] Here is their view, courtesy of eFXnews: EUR/USD:… 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.