has been positive for the Euro-area whislt increasing geopolitical risks have panda forex platform weighed on the Dollar. Ultimately we see the channel extending higher, with the possibility of a break above the.1909 highs, leading to a move up to the psychologically significant.2000 level, which is also at the level of the R1 monthly pivot. Analysts eye the next big pivot support.1626-1.1532. Usdhrv.5497.0023.04.4801.5188.5581.5974 usdsrb 103.96.0100 -0.01 103.17 103.77 104.39 105.00 usdbih.7232.0023.13.7080.7197.7316.7436 usdisk 121.25.0300.02 113.23 114.07 114.92 115.76 usdall 109.77.0100.01 109.51 110.21 110.93 111.66 usdmkd.92.1000.19.46. In the longer term, we continue to believe that EUR/ will significantly undershoot our gsdeer measure of fair value (around.20 reflecting diverging growth and monetary policy outlooks.
Reproduction of any content for commercial purposes is subject to our usage terms and conditions, please email the editor at his address directly for clarification. Its a strong confluence of levels which should be difficult to break (at least on the first few attempts). We therefore expect more downside in the near term, with the expected removal of "patient" at next week's fomc a key catalyst. The euro hasn't been at parity with the dollar since late 2002. Sachs confirm the, eUR/USD exchange rate to be in a strong uptrend. Eurusd.13422.0002 -0.02.14625.14002.13392.12781, gbpusd.27162.0012.10.28841.28090.27351.26612, audusd.70928.0012 -0.17.71334.70889.70451.70013, nzdusd.65494.0004 -0.05.65384.64929.64482.64041, usdjpy 113.23.1500.13 114.38 114.94 115.51 116.07, usdcny.97494.0058.08.91498. Because this is after all a 4th wave, it shouldnt go much lower than there, say. Major, price Day, q4/18, q1/19, q2/19, q3/19. Either way, the retracement to date isnt material enough to qualify as a complete correction. Historical returns and our earnings model indicate that direct impacts of a stronger dollar on index-level equity performance are small, but indirect impacts could be larger should USD appreciation weigh more heavily on economic growth, particularly in the. This area includes the April uptrend, an ABC off the high and.6 retrace.