• EUR/USD to find it harder to break out below the bottom of the 1.0500-1.1000 range – MUFG

Noticias del mercado

26 septiembre 2023

EUR/USD to find it harder to break out below the bottom of the 1.0500-1.1000 range – MUFG

The EUR has been trending lower against the USD for most of the third quarter. Economists at MUFG Bank analyze EUR/USD outlook.

USD to lose upward momentum

We expect the USD to lose upward momentum as EUR/USD moves closer to the bottom of the 1.0500 to 1.1000 trading range. 

Absent another negative shock for the Eurozone economy such as the price of Oil surging back above $100/barrel, we expect the pair to find it harder to break out below the bottom of the 1.0500 to 1.1000 trading range in the month ahead.

 

Enfoque del mercado
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
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: