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EUR/USD could test 1.20 in 12-month – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Senior Analyst at Danske Bank Christin Tuxen sees the pair reaching the 1.20 mark within a year’s time.

    Key Quotes

    “We think the low in EUR/USD will arrive in 3-6M and now see the cross at 1.12 in 3-6M (1.10 previously) with the possibility of dipping temporarily towards 1.10”.

    “Given that we see no sustained trend in relative monetary policy in H2 16, we expect to eventually see a gradual move higher in the cross towards the levels warranted by medium- to long-term fundamentals. Notably, we now see the pair at 1.20 in 12M (1.15)”.
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