The EUR/USD caused serious damage to the long -term graphics last week and broke a bearish trend that had contained approximately the price action since 2008. 1.11/1.12 will now be an important support, and presumably the buyer side (including both the private and the public) will now be a buyer of EUR/USD in the falls while waiting for the impact of the tariffs to materialize in the US data of the US.
EUR/USD breaks the long -term bearish trend
“While it is tempting to adopt a mentality of ‘selling America’, the suggestion that China has been selling US Treasury bonds is still speculative. The data flow data until last Wednesday showed that there were still positive net flows at the long end of the US Treasury Bond market Treasury
“This week, the EUR/USD will probably be trapped between a change in medium -term tendency due to a deceleration in the US and a more moderate European Central Bank. The ECB will probably not like the reality that the euro weighted by trade is increasing at maximum levels of several decades, however, it will also recognize its benefit and secure refuge properties of the second more liquid currency in the world. This will have some long -term benefits for the long -term Earzone indebtedness and has already seen the 10 -year German bunds overcome treasure bonds at 50 basic points in the last 10 days. “
“The EUR/USD is quoting well above any level that suggests the short-term rates differentials. We do not want to get in the path of a movement towards 1.15, but we prefer a range of 1.12-15 in the short term instead of an immediate thrust towards 1.18/20.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
