Euro Forecast: Breakouts Constrained, Further Gains May Have to Wait for EUR/JPY, EUR/USD Rates
Euro Forecast: Breakouts Constrained, Further Gains May Have to Wait for EUR/JPY, EUR/USD Rates Advertisement EUR/USD has fallen back into its bull flag, while EUR/JPY never left its flag in the first place. Emerging strength in the DXY Index may prove to be another headwind for EUR/USD, which itself is 57.6% of the DXY Index. Per the IG Client Sentiment Index, the Euro has a bearish bias in the short-term. Euro Plagued by Brexit, Year-End Profit Taking The Euro has been among the top performing currencies in 2020, surging to two year highs versus the US Dollar in recent d...
Source: dailyfx.com