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Short

EURUSD mid term forecast

FX:EURUSD   Euro Fx/U.S. Dollar
44 0 1
Recent EURUSD             pulback from 1.0820 should be short lived, as the market is still expecting at least one interest rates hike decision from the FOMC later this year. Only poor economic data from the US economy, like slow GDP and prices growth or rising unemployement could sent EURUSD             permanently above the 1.1450 level. For now however, we should observe the major pair trading between 1.1450 (or even 1.1250) and 1.0820 with more willingness to test the bottom levels (1.082 and multi year low at 1.0460), which may further accelerate as the interest rate hikes in the US will come into force.
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