EUR/USD upside could struggle near 1.1500 – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Strategist at Westpac Richard Franulovich sees the pair’s upside meeting strong resistance near the 1.1500 area.

    Key Quotes

    “Risks on EUR/USD building in favour of a topside break following Chair Yellen’s decidedly dovish speech. Would prefer to sit out any gains beyond 1.15 though”.

    “The well-worn theme of EZ-US growth and policy divergence should reassert itself in due course. A steadily firming trend to the US should assuage Yellen eventually and help stabilize the USD. Similar dynamics played out last year”.
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