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For Traders From Club iNSIDER: Euro Eyes $1.20: What Will Drive It There?

Post Views: 255 The recent weakening of the dollar aligns with our expectation for the euro to move towards the $1.15–$1.20 range, although a new bullish catalyst may soon be needed for the euro. A decline in key U.S. economic data is possible, and although it is not reasonable to be overly optimistic about the eurozone’s economy—considering trade tariffs—the expected growth differences in favor of the eurozone support a stronger euro. Positive news from Ukraine would also be well received. 1. The Path to $1.20 is Clearing, but a New Catalyst is Needed Our forecast for the EUR/USD in the $1.15–$1.20 range is on the horizon. So far, the structurally bearish position on the dollar—driven by trade uncertainty—has been a…

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 Senior Dealer Yulian Bonzov

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