Big banks Q2 forecasts for EURUSD are for volatility and broad consolidation. Expectations for the pair levels at the end of June vary between 1.27 and 1.15, with an average estimate of 1.23, which is around the current levels.
Consolidation from mid-January is likely to remain in the coming months. The increase of 16.29% for 2017 and the current + 2.80% for 2018 will exert pressure on additional growth for the EURUSD, with all the positivism in the euro and the dollar's negativity already being priced in.
Traders who trade consolidations will closly watch 1.255 for short positions and 1.22 for long positions. However, these are more risky opportunities for trading, as spikes and false or short-lived breakouts at these levels are not excluded. Rather, it is a good idea to avoid the EURUSD pair over the next three months and focus on more trending financial instruments.
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