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Apr 30 - 10:55 AM

EUR/USD: Expecting A Resurgence Towards 1.25-1.27 Before End Of Q3 - Citi

By eFXdata  —  Apr 30 - 09:30 AM

Citi discusses EUR/USD outlook and adopts a bullish bias through end of Q3.

"We see several key reasons to expect a resurgence in EURUSD into a 1.2500-1.2750 range by the end of Q3. We look at US yields, fiscal risks from the Greens in Germany, relative data momentum, relative monetary policy, vaccination dynamics, value rotations and technical factors," Citi notes.

"CitiFX Technicals echoed the case for a stronger euro... Our London trader favors waiting for month end to pass before adding to EURUSD longs though, "Citi adds.  

Source:
Citi Research/Market Commentary

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