EUR/USD is consolidating its significant gains under the 1.12 level. What’s next for the world’s most popular currency pair? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that EUR/USD has extended its rebound against the US dollar over the past week moving back in line with levels which persisted prior to the US election. In addition, BTMU notes that the EUR is also deriving support from the strengthening economic recovery in the euro-zone expecting this week’s PMI surveys for May to signal that growth is likely to strengthen further in Q2. However, BTMU thinks that EUR/USD appears to be running a little ahead of fundamentals now, arguing that recent US political developments won’t materially alter the likelihood of the Fed raising rates in June. As such, BTMU is turning neutral on EUR/USD around current levels expecting the pair to trade in a 1.0900-1.1400 range in the near-term. EUR/USD is trading circa 1.1190 as of writing. 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 Oil leaps on OPEC, slower US output – will CAD follow? Yohay Elam 6 years EUR/USD is consolidating its significant gains under the 1.12 level. What's next for the world's most popular currency pair? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes that EUR/USD has extended its rebound against the US dollar over the past week moving back in line with levels which persisted prior to the US election. In addition, BTMU notes that the EUR is also deriving support from the strengthening economic recovery in the euro-zone expecting this week's PMI surveys for May to signal that growth is likely to strengthen further in Q2. However, BTMU thinks that 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.
