FXStreet – Danske Bank chief analyst Jens Sorensen is expected in the next 3 months, a trade between 1.08 and 1.14 in.
“The upward momentum of the EUR/USD faded under 1,12. On the last Wednesday of the FOMC meeting minutes showed that the Fed is ready to continue the normalization in the interest rates and the balance sheet.”
“We have noted that the mood in the EUR/USD is turning, which is based on the political risk, the Euro zone’s growth and stock Performance. We emphasize that in the medium term, upside potential, while the Pair is vulnerable to a likely Rollover of the European economy.”
“The ECB is not, however, signal a Change in the interest rates, while the Fed takes interest rates and QE tightening. In 3 months we will see the trade in a Range of 1.08-1.14 in.”
** FXStreet News Editorial, FXStreet**