Top 5 forex seasonal trends for November: #5 Euro on deck

For EUR/USD, it"s about what comes next

The euro was a middling performer in October. It fell 2.35% versus the dollar to buck the trend of seven of the past 10 years.

Looking ahead, the seasonal picture is less clear. The euro fell 4% last November against the dollar but over the past 10 years, the average change has been +0.03%, or virtually unchanged.

So seasonally, there isn"t much to get excited about.

What is intriguing is December. Yes, it will be a big fundamental month with the Fed preparing to hike and the ECB to expand its QE plan, but on seasonals alone, it"s easily the best month of the year. So later in the month, you may want to look for opportunities to buy the euro.

Top 5 forex seasonal trends for November: #5 Euro on deck
Top 5 forex seasonal trends for November: #5 Euro on deck
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