“It will also be interesting to see how President Christine Lagarde handles any questions on the weak euro. Any comments along the lines of the ECB is 'watching FX closely' could trigger a brief counter-trend rally in EUR/USD. That said, EUR/USD is trading down here for solid macro reasons and we doubt any intra-day rallies last.”
“We would assume that 1.0100 proves the extent of any EUR/USD short squeeze and would favour a move back to 0.9900.”
“We would assume that 1.0100 proves the extent of any EUR/USD short squeeze and would favour a move back to 0.9900.”