Tuesday, September 5, 2017

EUR / USD (Citi): Here is the range to play short term on the Euro Dollar :



Citi believes that EUR / USD will evolve in short-term range on the Forex and recommends selling the high marker and buying the bollard.

"In the short term, EUR could be supported by a large current account surplus and capital flows. However, in the medium term, the Euro could be held back by the ECB's rhetoric and political risks.

Forecasts at 0-3 months for EUR / USD are at 1.20, while at 6-12 months they are 1.19.

In terms of technical analysis, EUR / USD continues its trend in a bullish channel. The pair could move between 1.1662 (low in August) and 1.2070 (peak in August) in the short term. "
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