The euro to US dollar trading pair to slow down this Tuesday

The recent prediction from Citibank, an American financial servicing company, has caused the euro to US dollar trading pair to slow down this Tuesday. Although the forecast from the bank isn’t for this month, it still slightly moved the confidence of bullish investors. Nevertheless, the trading pair remains on track to reach its resistance level as the euro is also predicted to gain more this July. Bullish investors are hoping to end the month on their own terms thus helping the 50-day moving average gain altitude against the 200-day moving average. Moreover, experts from Citibank believe that the renewed or increasing political uncertainties in the eurozone, mainly in Italy will ultimately pressure the single currency. Aside from that, the concerns surrounding the UK and EU’s divorce could also put some downside risk to the euro in the coming months according to Citibank. Still, bulls are looking for short-term gains from the pair.