History Shows Euro’s Dip Is Part of Pattern That Leads to $1.25
- Currency faltered at $1.20 again due to options-related supply
- Market metrics hint further gains are due, just like in 2017
The currency seems to be mirroring a pattern from August 2017, when it briefly breached the $1.20 psychological mark.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
The euro is about to extend its advance by another 5% in the coming months, if history is a guide.
The currency seems to be mirroring a pattern from August 2017, when it briefly breached the $1.20 psychological mark, and retreated quickly due to large option barriers. The common currency then advanced to $1.25 within five months.