Euro Forecast: Why the Strong Start to April May Continue for EUR/GBP, EUR/JPY, EUR/USD
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Euro Forecast Overview:
As global bond yields have steadied following their spike starting in late-February and continuing into late-March, German Bund yields have declined by less than their UK Gilt or US Treasury counterparts, giving the Euro a slight yield advantage in the near-term.
EUR/JPY remains on the most convincing bullish path, EUR/USD remains within the downtrend from the intrayearly high (ahead of returning to a key zone of support and resistance for the past nine-months), and EUR/GBP may be working its way to former consolidation resistance following its false bearish breakout.