Saxo Group Videos

Nicole Elliott: EURUSD could hit 1.12 or even higher

There's a complacency in the FX markets which could catch out many traders. That's the view of the renowned technical analyst, Nicole Elliott. Her charts suggest EURUSD could easily break out of its narrow range quite soon and 1.12 or even 1.15 could easily be achieved.

If the euro does get a boost , it's sterling that could suffer. A proposed referendum of the UK's membership of the European Union is hanging over all GBP trades. Nicole says it's vulnerable and traders need to be better prepared for more downside moves.

If the euro were to strengthen, this won't be good news for European exporters, notably those in Germany. She also takes a look at the DAX and says we're poised at a key support level. It won't, she suggests, take much for that level to be broken and other equity indices could be caught in that slipstream.

02:46 minutes
Tags: britain, business, business news, business tv, complacency, content, dax, dax i, dax index, dax.i, daxi, dollar level, eur, eurgbp, euro, euro area, euro dollar, euro level, euro zone, europe, european, european central bank, european economy, eurozone, eurusd, fed, federal reserve, finance, finance news, fomc, foreign exchange, forex, forex buying, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex trade idea, forex trading, forextrading, fx, fx crosses, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx options, fx saxo bank, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx volatility, fxmarkets, gbp, gbp usd, german index, german shares, germany, level, markets, nicole elliott, owen thomas, pound, pound dollar, pound euro, pound sterling, pound strength, saxo tv, sterling, sterling dollar, stock, stock markets, stocks, technical, technical analysis, television, trade, trades, trading, trading tv, tradingfloor, tradingfloor.com, tv, uk, uk rates, us, us dollar, us economy, us fed, us jobs, usa, usd, usd index, usdeur, usdjpy, video

Switch to