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Sell EURUSD, but not just yet say BOA Merrill

Discussion in 'Education, Tutorials & Courses' started by ForexLive, Jan 6, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    BOA Merrill were out earlier today with a client note published on efxnews.com which you can sign up to here Says BOAM: 2015 was the year when the Euro finally weakened, but not on a smooth path. Looking ahead, we remain bearish on EUR, but expect the path to remain choppy. We project the EUR/USD to weaken to 0.95 by end-2016. At the same time, our year ahead top contrarian trade was for short-term EUR/USD upside. This suggests upside Euro risks in the short term, but still negative for the medium term. Our preferred bearish EUR trades are actually against non-USD crosses, particularly SEK and JPY.

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