The KBC FX analysts expect 1.1216 on EUR/USD to support the currency pair:
- “The short-term momentum stays USD supportive and Euro cautious. The EURUSD is testing 1.1270/67 support level. The 1.1216 November low is the next level on the radar. After the recent decline, quite some euro negative news should be discounted.”
- “That said, we see no trigger yet to reverse the USD-positive/euro negative bias. We don’t row against the tide. Positive news on global trade or on the US-EU trade talks (autos) might provide such a trigger.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.