EUR/USD: fade the spikes towards 1.12/1.13 – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Richard Franulovich has suggested selling the pair on upticks towards the 1.12/1.13 area.

    Key Quotes

    “Tough to buy EUR/USD north of 1.10, especially now that the bulk of 2016 Fed hike risk has been removed and ahead of the ECB’s next meeting where another cut in their deposit rate is on the cards”.

    “EUR a very tempting short ahead of the March 10 ECB meeting if 1.12/1.13 prints”.
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