The risk of EUR/USD on the Forex remain tilted to the downside over the next few months.
«EUR/USD continued to rise yesterday with no news or data affecting the pair. The Forex has not much reacted to the FOMC Minutes that were released this night, which is right according to us, so that there was nothing new of great importance.
We continue to see EUR/USD oscillating around current levels for the next 1-3 months, with risks biased to the downside because of the positioning buyer stretched and the expectations of a rate hike from the Fed in December (the market incorporates a probability of 74%). «