- EUR/USD to find it harder to break out below the bottom of the 1.0500-1.1000 range – MUFG
Market news
26 tháng 9 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.
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