EUR/USD: To Top-Out Into Jackson Hole; Where To Target? – Danske

Danske FX Strategy Research expects the recent sharp move higher in EUR/USD to fade heading into the Jackson Hole conference 24-26 August and the ECB meeting on 7 September.

“We believe the ECB president Mario Draghi will be cautious in not sounding too confident given the recent sharp rise in the effective EUR which has risen to its highest level since Q4-2014.

We forecast EUR/USD at 1.17 in 1M and 3M before the next leg higher towards 1.22 in 12M,” Danske projects.

Source: Danske Bank Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews http://feedproxy.google.com/~r/Efxnews/~3/HnuMO-zZjOw/eurusd-top-out-jackson-hole-where-target-danske

from Online Forex Trading Resource
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