- Analytics
- News and Tools
- Market News
- EUR/USD to move towards 1.25-1.27 and then back lower – Nordea
EUR/USD to move towards 1.25-1.27 and then back lower – Nordea
FXStreet reports that economists at Nordea discuss the EUR/USD outlook.
“Relative financial conditions between the Euro area and the US are pointing to a substantial possibility of US outperformance of the euro area in 2021 but as long as the global growth rebound is perceived as synchronized and broad-based, the USD smile is telling you to buy EUR vs. USD. This narrative may be tested if the gap between US and RoW growth grows too big during H2-2021.”
“We believe in a move towards 1.25-1.27 but we also find it worthwhile considering accepting a take-profit level around 1.25-1.27 in return for a put around 1.19 in EUR/USD.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
