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Jun 13 - 11:00 AM
EUR/USD: '1.15 Is Probably Safe For Now But 1.20 Is Getting Further Away' - SocGen
First appeared on eFXplus on Jun 13 - 09:01 AM

Societe Generale Cross Asset Strategy Research discusses EUR/USD outlook and maintains a tactical neutral bias, while staying structurally bullish.

"A downside surprise in the ZEW survey, an upside surprise in US small business confidence and an uneventful US CPI report, probably send markets into FOMC and ECB meetings on Wednesday and Thursday with every reason to look for an upbeat message from the Fed and an attempt at dovish ‘business as usual' from the ECB.

It's hard to see why that would be euro-friendly but nor is it likely to cause a dramatic move. EUR/USD 1.15 is probably safe for now, but 1.20 is getting further away," SocGen argues. 

Source:
Société Générale Research/Market Commentary

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