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4 Feb 2016
EUR/USD: fade the spikes towards 1.12/1.13 – Westpac
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”.
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”.