EUR/USD suffered after an ECB member showed caution regarding a new policy move. Is the correction over? Not so fast. Here is their view, courtesy of eFXnews: BTMU FX Strategy Research argues that the latest EUR/USD rally is partly a reaction to an extreme dollar over-valuation fuelled more by extreme monetary accommodation beyond the US than by monetary tightening in the US. “Hence, the prospect of that ending is resulting in out-sized FX moves like we have had in recent weeks,” BTMU adds. “Our Short-term Valuation model clearly indicates that EUR/USD has overshot and point to the risk of a short-term correction after the recent sell-off fuelled by increased speculation of a shift in monetary stance ahead. The EUR/USD overshoot relative to our short-term valuation model illustrates in part the fact that while rates have moved higher in the euro-zone, the same has happened in the US,” BTMU notes. 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 Daily Look share Read Next FOMC Minutes: Fed To Announce Start Of Balance Sheet Yohay Elam 6 years EUR/USD suffered after an ECB member showed caution regarding a new policy move. Is the correction over? Not so fast. Here is their view, courtesy of eFXnews: BTMU FX Strategy Research argues that the latest EUR/USD rally is partly a reaction to an extreme dollar over-valuation fuelled more by extreme monetary accommodation beyond the US than by monetary tightening in the US. "Hence, the prospect of that ending is resulting in out-sized FX moves like we have had in recent weeks," BTMU adds. "Our Short-term Valuation model clearly indicates that EUR/USD has overshot and point to the risk of 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.