Quiet trading sessions with a bearish bias is what is described as the performance of the EURUSD currency pair recently.
Enter your emailrecently. The EUR/USD is stable around the 1.0210 level at the time of writing the analysis.
The US dollar this week got a strong impetus from the US jobs numbers, which support the tightening path of the US Federal Reserve's policy.The EUR/USD exchange rate is expected to fall back below 1.0 in the coming weeks, according to analysts at Rabobank, the international lender and Dutch investment bank.
The market will now be looking for a new direction,” says Jane Foley, chief forex analyst at Rabobank in London. “For this to happen, the strength of the US dollar will likely be complemented by another bout of fresh negative news for the euro.”Rabobank sees the following factors as likely to trigger another sustainable sell-off in the Euro:Since rising energy prices are a major headwind for businesses and consumers.