The Euro’s impressive rally might be due a pause, but this will not see technical analysts at Credit Suisse deviate from their bullish stance on the single-currency.
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As data and events dry up over the peak of the European summer foreign exchange professionals are being increasingly drawn to the technical charts for guidance.
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The Euro might be in a good-looking trend against both the Dollar and Pound Sterling, but there are some who are a little concerned that the rally is looking a bit rich.
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Foreign exchange analysts at Danske Bank have downgraded their forecasts for the Pound v Euro exchange rate.
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The Pound to Euro's steady downtrend continues, and although the pair has now stalled momentarily we expect it to extend.
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The rallying Euro has appreciated almost 10% in the last 12 months, now some are saying that the rise may hve become a headwind to the recovery.
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The Euro looks to have shifted up a gear in it’s long-term rally against the British Pound. However, analysts will be watching coming sessions for confirmation as to whether we are seeing a genuine…
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