The US dollar has staged a nice recovery thanks to the upbeat retail sales report and EUR/USD dipped its feet under 1.17. What’s next? Here is their view, courtesy of eFXnews: Citi Research argues that in the short term, the USD will likely remains restrained on a combination of a broadening of the economic expansion to Europe, EM and Japan and disappointment about policy action from the new US Administration may restrain USD. “In the medium and long term, we do expect to see tax cuts emerge in the US, giving a moderate stimulus to a somewhat flagging US economy and a boost to yields and USD. This implies a modest recovery in USD over 6-12 months,” Citi adds. On EUR/USD, Citi argues that since the RSI retreated from overbought levels, upside may be limited at 1.2043, with support at 1.1616. 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 UK wages jump to 2.1% – GBP follows, challenging 1.29 Yohay Elam 6 years The US dollar has staged a nice recovery thanks to the upbeat retail sales report and EUR/USD dipped its feet under 1.17. What's next? Here is their view, courtesy of eFXnews: Citi Research argues that in the short term, the USD will likely remains restrained on a combination of a broadening of the economic expansion to Europe, EM and Japan and disappointment about policy action from the new US Administration may restrain USD. "In the medium and long term, we do expect to see tax cuts emerge in the US, giving a moderate stimulus to a somewhat flagging US economy… 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.
