By eFXdata — May 09 - 10:45 AM
MUFG Sticks to Long EUR/USD Trade Idea Amid Low Volatility 💶📈
Despite the low volatility following policy updates from the Federal Reserve and the European Central Bank (ECB), MUFG remains firm on its long EUR/USD trade idea, targeting 1.1350 with a stop-loss at 1.0750.
Narrowing Policy Divergence to Boost EUR/USD 🔄💶🇺🇸"
As policy divergence between the ECB and the Fed narrows in the coming months, MUFG expects this to further encourage a rise in EUR/USD, potentially moving into a higher trading range between 1.1000 and 1.1500.
MUFG Research/Market Commentary