EUR/USD a Sell into 1.17 If Seen – Westpac

EUR/USD a Sell into 1.17 If Seen – Westpac

21 April 2016, 13:39
Roberto Jacobs
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EUR/USD a Sell into 1.17 If Seen – Westpac

Strategist at Westpac Richard Franulovich has recommended selling the pair on occasional attempts towards 1.17.

Key Quotes

“Intrinsic EUR positives are few and far between what will be a heavily bloated and still expanding ECB balance sheet and questionable growth momentum”.

“But, the USD backdrop is that much more challenging. Open to the possibility of a run at the Aug 2015 highs at 1.17+ but if anything would prefer to be a better seller at these levels, looking to position for a probable turnaround in the US data momentum in Q2”.


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