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In the coming months, the euro against the US dollar may pump
March 6th, Jinshi Data, Quek Ser Leang, market strategist at the Global Economic and Market Research Department of Oversea-Chinese Banking Corporation, said that the chart shows that the euro may further appreciate against the US dollar in the coming months. As of Wednesday, the currency pair has pumped 4.0% in the past three trading days, marking the largest three-day gain in nearly a decade. After easily breaking through several strong resistance levels, the euro against the dollar seems ready to enter the weekly equilibrium cloud. The significant rebound of the euro is approaching the key resistance level in the 1.0937-1.0944 area.