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