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- EUR/USD: Can we see 1.40 In 2021? - Citi
EUR/USD: Can we see 1.40 In 2021? - Citi
eFXdata reports that CitiFX Technicals discusses EUR/USD long-term outlook and flags a scope for a move into 1.40 in 2021.
"A 3 rd bullish outside year (Potentially) in the history of floating exchange rates will come on a yearly close above 1.1570. This also comes off long-term trend line support from 1985".
"Yearly momentum is turning up and crossing over from levels only seen twice before- 1986, 17 years later in 2003 and 17 years later in 2020... The 2002-2004 move was a mere 60%."
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