EUR/USD: Bullish But Mind ECB Reaction On A Move 'Well Beyond' 1.15 – Credit Suisse

Credit Suisse FX Strategy Research has been generally bullish on the EUR since March.

CS maintains this EUR bullish view on the ground that the better-than-expected growth and political outcomes combined with its “under-owned” structural position should give the EUR room to rally further. 

However, CS suspects that inflationary forces are still not strong enough to tolerate sustained EUR/USD rally well beyond 1.15 without prompting central bank reaction. 

CS targets EUR/USD at 1.15 in Q3.

Source: Credit Suisse Global Fixed Income Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews http://feedproxy.google.com/~r/Efxnews/~3/FWmh-_2OaYc/eurusd-bullish-mind-ecb-reaction-move-well-beyond-115-credit-suisse

from Online Forex Trading Resource
View thesource article here

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s