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10 Jun 2014
EUR/USD seen at 1.30 by year-end - Scotiabank
FXStreet (Bali) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank, calls for a 1.30 target in EUR/USD by year-end.
Key Quotes
"EUR is soft, but still trading within last Thursday’s 1.3503 to 1.3670 range as the market continues to digest last week’s ECB action."
"Technical studies have shifted to a more bullish outlook; however signals are generally weak."
"We expect EUR to be somewhat range bound in the near‐term before depreciating into year‐end, with a Q414 target of 1.30."
Key Quotes
"EUR is soft, but still trading within last Thursday’s 1.3503 to 1.3670 range as the market continues to digest last week’s ECB action."
"Technical studies have shifted to a more bullish outlook; however signals are generally weak."
"We expect EUR to be somewhat range bound in the near‐term before depreciating into year‐end, with a Q414 target of 1.30."