• EUR/USD may retest recent lows - Citi

Market news

15 March 2021

EUR/USD may retest recent lows - Citi

eFXdata reports that Citi discusses EUR prospects.

"CitiFX notes the EUR will underperform risk and commodity currencies for now, as EUR headwinds are accumulating. That also implies that we could see EURUSD retest the recent lows. In line with our expectation, the March ECB meeting was slightly dovish, highlighting the intent to “significantly increase” the pace of purchases in their policy decision over the next quarter. We think in short-term, that dovishness is mostly in the price, even though for now the central bank equation has ceased to be a driver of EURUSD upside," Citi adds.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.