- Analytics
- News and Tools
- Market News
- EUR/USD set to revisit the 1.20 level - TDS
EUR/USD set to revisit the 1.20 level - TDS
FXStreet reports that economists at TD Securities like EUR/USD upside in the near-term perspective, which should eye a retest of 1.20.
"We expect the European Central Bank (ECB) to announce a reduced pace of Q4 PEPP purchases, partly reflecting easier financial conditions. All other policy levers are likely to be left on hold.”
“Communication risks are high, and Lagarde will want to avoid sounding overly hawkish, instead emphasizing ‘persistence’."
“This backdrop should reinforce the recent bottom in the EUR/USD, indicating that we're likely to revisit 1.20 rather than 1.15 in the months ahead.”
© 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
