FXStreet (Delhi) – Research Team at Deutsche Bank, suggests shorting the EUR/USD pair as their G 10 trade of the week with entry being at 1.0820 for the target of 1.03 while the stop is to be maintained at 1.11.
Key Quotes
“These are good levels to get re-involved with the short EUR/USD trade. More ECB easing seems likely in March given Thursday’s dovish meeting and the brute fact that already very bearish CPI forecasts are likely to be revised down heavily without it.
The disappointment in December is likely to mean the Governing Council over- rather than under-deliver. The potential for large moves to the topside would also appear limited given the above.
Finally, market pricing of Fed rate hikes is significantly out of line with communication. The cross remains very well integrated with relative Euro Area-US rate spreads.”
(Market News Provided by FXstreet)