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Apr 12 - 09:55 AM

EUR/USD: Levels Above 1.19 Good Entry For Selling EUR/USD - Danske

By eFXdata  —  Apr 12 - 08:30 AM

Danske Research likes selling EUR/USD around current levels.

"EUR/USD finished last week slightly below 1.19, having rallied since Easter. This week, focus will likely turn to US inflation, which is set to accelerate towards 2.5% as well as a number of Fed speeches. Naturally, the market will also focus if dollar weakness can be sustained further," Danske notes. 

"With inflation set to rise and the theme of repricing yields having stalled, there may be scope for Fed to push the dollar lower here. In our base case, though, we see levels above 1.19 as good for selling EUR/USD," Danske adds. 

 

Source:
Danske Research/Market Commentary

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