2 scenarios can unfold in the coming weeks.
1st: EUR will shoot to 1.15 before retracing
The case for a EURO to soar is if the FED maintain its rate this month and October and continuous sell-off in the stock market. And when the US election comes, investors will probably buy the USD specially if Trump will win the US presidency.
2nd: EUR will fall to 1.09 before rebounding
Market could price in the expected rate hike specially when we see continuous positive data. And rebound when US election comes, ceaseless contraction in the stock market.
Bottom line is, high percentage sell @ 1.15 and buy at 1.09 based on OI positions
1st: EUR will shoot to 1.15 before retracing
The case for a EURO to soar is if the FED maintain its rate this month and October and continuous sell-off in the stock market. And when the US election comes, investors will probably buy the USD specially if Trump will win the US presidency.
2nd: EUR will fall to 1.09 before rebounding
Market could price in the expected rate hike specially when we see continuous positive data. And rebound when US election comes, ceaseless contraction in the stock market.
Bottom line is, high percentage sell @ 1.15 and buy at 1.09 based on OI positions