13 Jul 2015
Barclays: Short EUR/USD, stop 1.1680, target 1.0460 - eFXnews
FXStreet (Bali) - The EUR/USD is likely to continue losing value in coming weeks, according to Barclays FX Strategy Team, in a report obtained courtesy of eFXnews Team.
Key Quotes
"We see the market underpricing the risks of increased volatility and continue to recommend staying short EURUSD spot. In the event of agreement we would expect to see a modest continuation of Friday’s EUR appreciation and declining implied volatility. However, the EUR rally is likely to be short-lived and we recommend using any appreciation to initiate short EURUSD positions."
"In line with this view, Barclays maintain a short EUR/USD position from 1.1240, with a stop at 1.1680, and a target at 1.0460."
Key Quotes
"We see the market underpricing the risks of increased volatility and continue to recommend staying short EURUSD spot. In the event of agreement we would expect to see a modest continuation of Friday’s EUR appreciation and declining implied volatility. However, the EUR rally is likely to be short-lived and we recommend using any appreciation to initiate short EURUSD positions."
"In line with this view, Barclays maintain a short EUR/USD position from 1.1240, with a stop at 1.1680, and a target at 1.0460."