MUFG Research maintains a bearish bias on EUR/USD, expressing this view via a short exposure in spot targeting a move towards 0/9760.

"We expect the EUR’s bearish trend to remain in place. EUR weakness could even accelerate when EUR/USD breaks below parity, and opens the door for EUR/USD to trade between 0.9500 and 1.0000," MUFG notes. 

"We have added a new short EUR/USD trade idea to reflect our increased confidence that the pair will soon break below party," MUFG adds.