FUNDAMENTAL ANALYSIS The political


fractured landscape


across the EU is the main challenge


for the single currency


Te coming months will see many discussions in the Eurozone


what traders should be looking for is consensus


and


FX


Te ECB timeline for the end of asset pur- chases and rate hikes warrants caution for euro bears


by Victor Golovtchenko


Can Euro Area Political Turmoil Keep EUR Bulls in Check?


Is Quitaly back on the table and will the new Spanish prime minister’s socialist government manage to hold the reign? Merkel and Macron play with a common EU budget, but


can they turn it into reality?


We are now halfway through 2018 and the relentless euro bull, which has been in control of the market


until the second quarter of this year, looks quite exhausted. The single currency has been rallying throughout 2017 as the political turmoil that caused ripples across


FX TRADER MAGAZINE July - September 2018 25


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