EUR/USD: the direction of change has started — Nomura

FXStreet — The FX strategists of the Japanese Nomura Bank are Long in the EUR/USD currency pair. You expect to see a sustainable Breakout from a tight sideways range, which has existed for some years.

Important Quotes:

Against the Background of a positive-looking economic picture and a recovery in Inflation, the European Central Bank is likely to begin with the normalization of monetary policy in the coming year. The positive soft position for the Euro.

In addition, we believe that we are in an early Phase of a multi-year bear market Trends in the US Dollar. The influence of monetary policy tightening by the Federal Reserve to the financial markets is likely to subside gradually. Therefore, we assume that the EUR/USD will rise by the end of the year to 1.15.

** FXStreet News Editorial, FXStreet**

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