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May 14 - 11:00 AM

EUR: Staying Bearish EUR Vs Safe-Havens; EUR/USD Will Get Interesting Below 1.0730 - Citi

By eFXdata  —  May 13 - 01:30 PM

Citi maintains a bearish bias on EUR against safe havens (i.e JPY, CHF), and likes downside in EUR/USD below 1.0730. 

"Commenting on the latest in the Eurozone, CitiFX Strategy highlights that the pro-European establishment is coming out in force to defend the ECB and ECJ. Near-term Eurozone risks remain contained, even if the German court ruling reinforces major medium-term risks for the Eurozone and some question marks around the 3-month Court deadline," Citi notes. 

"Yet we remain bearish EUR vs G10 safe havens. Our Asia trader says things will get interesting below 1.0730," Citi adds. 

Source:
Citi Research/Market Commentary

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