Fade the rallies in EUR/USD – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - Strategists at Westpac have recommended selling the pair on rallies to the 1.10 neighbourhood.

    Key Quotes

    “Failure to break above 1.10 despite aggressive liquidation of risk in recent sessions may prove telling”.

    EUR capital flow dynamics remain decidedly negative, the region posting five basic balance deficits in the last six months”.

    “March Fed hike risk remains underpriced amid still healthy housing, labour market and service sector trends too. EUR a strong sell into 1.10 if seen”.
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