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Euro Forecast: EUR/JPY, EUR/USD Eye Bullish Reversals; EUR/GBP in Holding Pattern

  • Writer: Vavio
    Vavio
  • Oct 11, 2022
  • 1 min read

Pressure is off of the Euro at the moment as the a drop in US Treasury yields and a modest rebound in US equities is helping firm up risk appetite. Two of the major EUR-crosses, EUR/JPY and EUR/USD rates, are carving out bullish outside engulfing bars on the daily chart, suggesting that a near-term bottom is being established.


Meanwhile, with both the British Pound and the Euro trading in tandem in recent days, EUR/GBP rates have been steadily trading sideways.




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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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