Friday 15 April 2016

BTMU: EUR/USD likely to remain in the range of $1.1050-$1.1450

Recent attempts of the EUR/USD to resume its growth amid the softer rhetoric of the Federal Reserve failed, note forex strategists  at BTMU.

As a result, the pair continues trading in range, which seems logical amid analysts estimates that "fair" value of EUR/USD is $ 1.11.

In the coming months the upcoming referendum on Britain's membership in the EU is likely to continue to exert pressure on the united currency. However, the softer stance of US regulators would not allow the dollar to advance against its competitors.

By BTMU not expect anything interesting from the next meeting of the European Central Bank, by providing that Mario Draghi will gently hint that the  incentives, made so far, so far should encourage inflationary pressures.

Experts take a neutral position on EUR/USD and forecast trading in the range of $1.1050- $1.1450.


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