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Apr 19 - 05:55 AM

EUR/USD - Prime U.S. Name Is Long EUR/USD With 1.25 Target

By Rob Howard  —  Apr 19 - 03:47 AM
  • Goldman Sachs issued a long EUR/USD trade recommendation Friday, 1.25 target

  • EUR/USD was last at 1.25 in Feb 2018 (1.2349 was 33-month EBS high in Jan)

  • 1.1750 is stop on the GS long (EUR/USD was last at 1.1750 a fortnight ago)

  • GS: Market expectations for EZ growth should improve over next few months

  • Says main risk to long is unexpected hawkish signals from Fed officials

  • This week's key EZ event risk is Thursday's ECB meeting nL8N2M73K4

EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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