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Jul 03 - 01:24 AM
EUR/USD, EUR/GBP: A Tactical Sell On Rallies - Danske
First appeared on eFXplus on Jul 02 - 07:30 PM

Danske Research adopts a tactical sell-on-rallies strategy for both EUR/USD and EUR/GBP.

" Overall, we still expect EUR/USD to trade in the lower end of the 1.15-1.21 range near term, and our tactical bias remains to sell on rallies...

We still see EUR/GBP risks skewed to the upside this week as focus on Brexit comes back to the forefront when the UK PM and her cabinet meet in order to try to come to an agreement on the white paper. Tactically, we still like to sell EUR/GBP on rallies and would consider going short on rallies towards 0.89," Danske advises.

Source:
Danske Research/Market Commentary

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