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14 Apr 2015
EUR/USD: Seeking 0.95 multi-month target - RBS
FXStreet (Bali) - The FX Strategy Team at RBS shares their view on the EUR/USD, sticking to their 0.95 multi-month target.
Key Quotes
"Bearish EUR/USD for 0.95 multi-month target. Entering last week, more range trading seemed likely with nothing new really due (by way of policy clue!) either from the ECB or the Fed. But late week price action was another reminder that the pain trade is still lower, that the EUR/USD down trade is typically not as well owned as frequently advertised."
Key Quotes
"Bearish EUR/USD for 0.95 multi-month target. Entering last week, more range trading seemed likely with nothing new really due (by way of policy clue!) either from the ECB or the Fed. But late week price action was another reminder that the pain trade is still lower, that the EUR/USD down trade is typically not as well owned as frequently advertised."