We maintain our EURUSD 1.15 three month target. The target was based on the following rationale:
We do not expect the Fed to hike this year (Credit Suisse has the first hike penciled in for May 2017) despite the market still pricing in a 50% probability of this.
Credit Suisse have 3 Reasons why they still target EUR/USD at 1.15 in 3 Months
