Analysts at Danske Bank expect EUR/USD pair to get lower

Analysts at Danske Bank expect EUR/USD pair to get lower

By: Simon Furman | Where To Trade | On:Thursday, 05 January 2017
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 Where to Trade- Long USD/CNH in 2017 as Research Team at RBC Capital Markets have a bullish bias for USD/Asia. The USD/CNH pair closed at 6.8660 in the previous tradings. 

  Short GBP vs EUR and USD in 2017-RCB CM. The GBP/USD pair closed at 1.2321 in the previous trading session. 
The crude oil has an expected trading range of 50.00 support to 54.00 resistance. In conclusion, the expected trend for today is mixed.
The USD/JPY pair is expected to have a bullish trend today, and a 116.50 support to 118.40 resistance. In previous trading session, the pair closed at 117.25. 

  Analysts at Danske Bank expect EUR/USD pair to get lower towards the 1.02 in a month's view.
The EUR/USD pair is expected to have a bearish trend today, and 1.0350 support to 1.0550 resistance. The pair closed at 1.0488 in the previous session.

  The AUD/USD pair is expected to have a mixed trend today, with a 0.7150 support to 0.7330 resistance. The AUD/USD pair closed at 0.7282 in the previous session.


Video summary: 

  • Europe: Short GBP vs EUR and USD in 2017-RCB CM
  • United States of America: Dollar is still strong against other currencies
  • Australia: The AUD/USD pair is expected to have a mixed trend today

 

Simon Furman

Simon Furman

Think Global - Act Local

Simon Furman is one of the best financial analyst with 27 years of trading experience

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