EUR/USD is looking for a new direction after failing to break to higher ground. What’s next? Here is their view, courtesy of eFXnews: EURUSD appreciated as of late, as softer-than-expected US data, a more dovish Fed and negative headlines on Trump’s policies fuelled further short EURUSD positioning unwinding. In the near term, a quiet data calendar in Europe and the US is likely to keep EURUSD range-bound amid elevated US political uncertainty but less stretched positioning. European political risks and monetary policy divergence should push EURUSD lower towards parity later in the year, in our view. On the data front, we expect German IP to post modest growth at 0.4% m/m in December (Tuesday; consensus: 0.3% m/m; previous: 0.4% m/m). Finally, French IP should contract 0.7% m/m, in line with the consensus (Friday; previous: 2.3%). 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 AUD/USD holds its ground after the RBA decision Yohay Elam 6 years EUR/USD is looking for a new direction after failing to break to higher ground. What's next? Here is their view, courtesy of eFXnews: EURUSD appreciated as of late, as softer-than-expected US data, a more dovish Fed and negative headlines on Trump's policies fuelled further short EURUSD positioning unwinding. In the near term, a quiet data calendar in Europe and the US is likely to keep EURUSD range-bound amid elevated US political uncertainty but less stretched positioning. European political risks and monetary policy divergence should push EURUSD lower towards parity later in the year, in our view. On the data front,… 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.
