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22 Apr 2015
Credit Agricole: EUR/USD rallies remain a sell – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes Credit Agricole suggests selling EUR/USD rallies above 1.0750-1.0800, as the ECB’s aggressive purchases are set to keep euro pressured to the downside.
Key Quotes
“Global risk sentiment improved, largely due to firm expectations of a Greece-related deal being reached by the end of April.”
“According to the government, it is possible that a deal will be reached as soon as end of April since Greek PM Tsipras is said to be meeting with German Chancellor Merkel on Thursday in Brussels ahead of the next Eurogroup meeting.”
“Even if Greece related uncertainty falls further in the short term, we see only limited EUR upside risk from the current levels.”
“On the contrary, given the ECB’s aggressive monetary policy stance we expect rallies above 1.0750-1.0800 to remain a sell.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Global risk sentiment improved, largely due to firm expectations of a Greece-related deal being reached by the end of April.”
“According to the government, it is possible that a deal will be reached as soon as end of April since Greek PM Tsipras is said to be meeting with German Chancellor Merkel on Thursday in Brussels ahead of the next Eurogroup meeting.”
“Even if Greece related uncertainty falls further in the short term, we see only limited EUR upside risk from the current levels.”
“On the contrary, given the ECB’s aggressive monetary policy stance we expect rallies above 1.0750-1.0800 to remain a sell.”
This content has been provided under specific arrangement with eFXnews.