Morgan Stanley estimated for EUR to be in more bearish condition because of some expectation related to some main high impatected news events which will be happened in this week:
- 2015-12-03 12:45 GMT | [EUR - Minimum Bid Rate]
- 2015-12-03 13:30 GMT | [EUR - ECB News Conference]
- 2015-12-03 15:30 GMT | [USD - Fed Chair Yellen Speech]
For example, the EUR/USD price will be in 'more bearish' market condition with the around 1.04 level as the real target for this week.
Morgan Stanley is expected for above mentioned news events to be a key driver for the currency with further rate cuts from the ECB and increase in QE. Anyway, it will make EUR to be a more attractive for traders for this week for example.
