Analyst on cheap hunting euro – sees EUR/USD towards 1.2 in time – ForexLive

Analyst on cheap hunting euro – sees EUR/USD towards 1.2 in time

A snippet through Credit score Agricole on the EUR, states the forex looks cheap

  • Forecasting EUR/USD towards 1.twenty in excess of the medium to lengthier time period.

Although on the EUR, 

Commerz tech/a:

  • Intraday dips are indicated to be probably to hold in the 1.1120/1.1085 vicinity.
  • Extended time period essential resistance …  a crack…  will goal 1.1520/70


1 to three 7 days outlook 

  • … retain our optimistic outlook
  •  a transfer above 1.1200 would not be surprising but 1.1250 is a much more powerful resistance and might not yield as conveniently
  • On the downside, only a crack of 1.1070 …  would point out that the present optimistic phase in EUR t… has run its program


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