EUR/USD: Not Enough High To Go Short? - SocGen

EUR/USD: Not Enough High To Go Short? - SocGen

31 March 2016, 17:40
Vasilii Apostolidi
0
51

Despite the bullish tone I still think EUR/USD looks a little high within than rate (not enough to go short, mind you).

Crude prices continue to drift lower as inventory levels grow, but that hasn’t yet done anything to really hit risk sentiment or support the dollar. If we got robust US data tomorrow and oil continued to drift lower, that would damage risk sentiment and, for that matter hurt the CAD too. But there are too many ‘ifs’ there to trade

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