EUR/USD remains in the uptrend channel, taking two steps forward and one backward. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: EUR: Investors To Play EUR Cautiously Till May-31; Dips In EUR/USD A Buy – Nordea Nordea FX Strategy Research notes an interesting pattern in Euro Area inflation data that could could have an implication on EUR trading through the end of May. “EA core inflation surprised massively in April, rising to 1.2% and boosting EUR via ECB “Septaper” hopes. However, when we saw a fairly similar deviation vs the average seasonal pattern in 2016, half of that deviation was corrected the following month. If half of April’s core inflation overshoot is corrected in May, markets will need to digest core inflation at 0.9% on May 31. This is one reason why market participants are likely to play the EUR cautiously until then. If EA core inflation surprises to the upside, then the story of inflation convergence between EA and US is really alive – especially given the new setback in US core inflation on Friday,” Nordea notes. Strategy-wise, Nordea expects EUR/USD to range-trade in the near-term and keeps recommending buying EUR/USD on any substantial dips. 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. EUR: En-Route To Further Gains But Patience Needed; Where To Target? – CIBC CIBC FX Strategy Research notes that the EUR has been relatively sagging following the French election as some market participants point to the market concerns about France’s National Assembly ballot next month. In that regard, CIBC note that France’s 10-year yield spread to Germany, a measure of risk, remains low post election, suggesting that sentiment hasn’t actually deteriorated. “What’s more likely is that currency markets got a bit ahead of themselves recently. It’s still likely that the euro outperforms the dollar this year with the economy doing well, but investors need to be patient,” CIBC argues. CIBC targets EUR/USD at 1.10 by end of Q2, at 1.12 by end of Q3, and at 1.14 by end of the year. EUR/USD is trading circa 1.0930 as of writing. 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 Oil cut deal likely extended to Q1 2018 – CAD rises Yohay Elam 6 years EUR/USD remains in the uptrend channel, taking two steps forward and one backward. What's next? Here are two opinions: Here is their view, courtesy of eFXnews: EUR: Investors To Play EUR Cautiously Till May-31; Dips In EUR/USD A Buy - Nordea Nordea FX Strategy Research notes an interesting pattern in Euro Area inflation data that could could have an implication on EUR trading through the end of May. "EA core inflation surprised massively in April, rising to 1.2% and boosting EUR via ECB "Septaper" hopes. However, when we saw a fairly similar deviation vs the average seasonal pattern in 2016,… 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.