EUR/USD: 1.1500 a tough nut to crack - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Westpac suggested to buy dips in EUR/USD.

    Key Quotes:

    "Though strength too and through 1.15 would see that reverse. EUR strength exacerbating the sharp tightening in financial conditions already being delivered via bank and sovereign credit spreads.

    ECB likely to deliver a heftier easing March 10, dovish speak from the likes of Weidmann ("economic skies more cloudy than a few weeks ago") all but sealing the case for more action. EUR has repeatedly failed into 1.14-1.16, upside momentum in any case likely to stall out closer to the ECB meeting."
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