EUR/USD at bottom of its normal range

FX:EURUSD   Euro / U.S. Dollar
125 2 3
The Euro             is at the bottom of its normal range. It seems to be undervalued relative to the US Dollar             and should rise from here. However, the expectation that US interest rates are to increase while ZIRP and QE continue to apply in the Eurozone puts pressure on the Euro             to sink rather than rise. The fact that US interest rate rise is not now expected until December probably indicates that the trend of EUR/USD             will be hesitantly upwards for the moment.
Why can be a rocket?
+1 Reply
Yes sir, I'm long. Looking to add on retracements if any today. Can be a rocket.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out