Scope for a move back to the 1.06 area into the spring – Rabobank
Economists at Rabobank discuss their forecasts for the EUR/USD pair for the coming moths. Market has now built substantial EUR longs “The market has now built substantial EUR longs meaning that the single currency will become increasing sensitive to the realisation that headwinds to Eurozone growth remain, albeit at a far more reduced level than […]
Spring below 0.9200 pushes back inside the woods
The formation of a Spring has pushed the asset inside the woods. A stretched consolidation after a bearish bias indicates inventory accumulation for a bullish reversal. Overlapping 20-EMA with the asset price is indicating a consolidation ahead. The USD/CHF pair is displaying topsy-turvy moves in the early Tokyo session as the upside in the asset […]