[Outlook] London FX outlook: EUR/USD likely to face resistance on both fundamental and technical fronts; Hungary also set to announce monetary policy

The story

EUR/USD in the London market is expected to have limited upside based on both fundamental and technical factors. As a result, near-term price movements may lack clear direction.

Meanwhile, Hungary is scheduled to announce its monetary policy, with the local interest-rate stance and policy direction cited as factors to watch.

Overall, the combination of resistance for EUR/USD and policy events in various regions is drawing market participants’ attention as a potential market driver going forward.

At a glance

Currency pairThe direction of EUR/USD is cited as a key factor to watch

Region/marketReported as the outlook for the London market

EventA monetary policy announcement is scheduled in Hungary

Reference information. Every claim resolves to something the story actually named.

Where this came from

We read each source in full and checked they agree on the core claim.

1/ 1 agree

All of them report the same thing.

www.gaitame.comNews

AgreesOpen

Read the original articleGo to the source page

Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.