- Analytics
- News and Tools
- Market News
- EUR/USD: Next resistance at the 1.9070/1.0980 area ahead of psychologically important 1.1000 level – Rabobank
EUR/USD: Next resistance at the 1.9070/1.0980 area ahead of psychologically important 1.1000 level – Rabobank
EUR/USD has been pushing higher since mid-February. Economists at Rabobank analyze the pair’s outlook.
Similar policy responses between both the Fed and the ECB to limit volatility in the months ahead
The Greenback is still significantly weaker than the levels traded at the start of last week. This raises the question as to whether the USD has further ground to give or whether USD buyers will be tempted to re-enter the fray. Today’s better tone suggests that the latter may be more likely.
The next technical resistance is at last week’s high in the 1.9070/1.0980 area ahead of the psychologically important 1.1000 level.
The potential for similar policy responses between both the Fed and the ECB this year has the potential to limit volatility in EUR/USD in the months ahead. That said, as we move into H2, the market is likely to be increasingly focused on the US election and on the outlook for growth and interest rate differentials into 2025.
© 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
