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Feb 05 - 01:24 AM

EUR/USD: Not Time To Position For A Rebound; Spikes A Sell For A New Dip - Danske

By eFXdata  —  Feb 04 - 02:45 PM

Danske Research discusses EUR/USD outlook and adopts a sell-0n-rallies bias. 

"Virus fears have led markets to call for rate cuts. Mounting expectations of the Fed in this regard have notably been a common factor across G10 and EM, but is now the time to position for Fed-driven reflation and a EUR/USD rebound? We doubt it," Danske notes. 

"We suggest using spikes in EUR/USD to position for new dip in 1.10-1.13 range," Danske adds. 

Source:
Danske Research/Market Commentary

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