EUR/USD: 1.06 can be expected to offer psychological support – Rabobank EURUSD Banks
currently stands only slightly above the levels traded at the start of the year. Economists at Rabobank expect the 1.06 level to offer psychological support“In terms of USD sentiment, February has clearly offered something of a sea-change relative to last month. It is our expectation that this has further to run.”Funds to 5.5%, we see scope for the USD to remain well supported into the middle of the year.
“1.06 can be expected to offer psychological support. Below this the year’s low at 1.0484 is likely to offer strong support.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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