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  • EUR/USD to peak relatively soon as Fed could turn “hawkish”

    From corporate.nordea.com

    We see EURUSD peaking in the first half of 2021 as the USD yield curve is still alive. The Fed could be tempted to “taper” formally already this year and a hike in 2022 is clearly not out of the question. The ECB will remain accommodative. Highlights: Strong growth and inflation already during H1-2021 EUR/USD could peak around 1.25-1.27 already during the first half of this year The USD curve has more steepening potential, while the potential is very modest in the EUR curve The Fed is not as dovish as anticipated and a taper process could be launched already this summer Global: A growth “ketchup effect” and ... (full story)

Attached Image (click to enlarge)
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At least, price will reach 1.24-1.25 first then we can talk about downfall
A close below 1.2179 this week may signal the pair has already peaked.
EUR/USD is on way to come down to 1.1920 area. Then wait and see what happen.

Now it is at 1.2109 so ......
  •  Guest
  • | IP XX.XX.92.39
Lol, if you think the Fed is going to turn to hawkish monetary policy and tightening then you are crazy. They have committed to easy money and their ultra dovish policy, there is no turning back now. Rates are staying at zero and we're in QE infinity! DXY is going DOWN and EU is going UP!!!
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  • | IP XX.XXX.108.182
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