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EUR/USD constructive above 1.1340 – Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Strategists at Rabobank keep the constructive outlook for the pair while above the 1.1340 pivot.

    Key Quotes

    “After fairly volatile March, EUR/USD has been trading in a relatively narrow range so far this month”.

    “While the price action hasn’t been particularly inspiring since the beginning of April, it is worth pointing out that a sustainable trade above the 1.1340~ pivot keeps the short-term bias skewed to the upside with the October high at 1.1495 as the key level to watch as a break higher would be a constructive signal”.

    “Although further gains in EUR/USD would be a blow to the ECB due to persistently low inflation, it could be an opportunity to establish fresh short EUR/USD positions”.

    “In our view the market is too bearish about the Fed currently expecting no hikes at all this year”.
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