Danske Bank FX Strategy Research summarizes its key short-term views for EUR/USD, EUR/GBP, and USD/JPY.
"EUR/USD: Set to be range bound (roughly 1.17-1.20) near term, with the risk of a topside break on ECB support at the December meeting.
EUR/GBP: Brexit talks pivotal for GBP this week. The market is already positioned for good news but a test of 0.8746 is likely if there is further progress on negotiations.
USD/JPY: Set to remain supported by US tax reform progress near term but strong resistance is seen above 113, with both 113.09 and 113.33 key technical resistance levels," Danske argues.
Comments
Post a Comment