24 Feb 2015
EUR/USD a sell into 1.1500 – Westpac
FXStreet (Edinburgh) - Strategists at Westpac recommend selling the pair on strength towards the 1.1500 level.
Key Quotes
“EUR/USD trading ranges continue to compress amid weak multi day momentum”.
“Yield spreads however are quietly pushing back against EUR once again, the 10yr bund-Tsy spread for example hitting its most bearish euro levels in 26 years last week”.
“<a href="http://www.fxstreet.com/technical-studies/currencies/eurusd/">EUR/USD unlikely to trade much above 1.15 if at all and favour medium shorts into this level”.
“Euro's capital flow dynamics remain very poor too, with net bond and equity outflows picking up pace based on the latest balance of payments data”.
“February’s range continues to contract. Watching daily Bollinger bands as breakout levels at 1.1262 / 1.1471. Sidelines until broken”.
Key Quotes
“EUR/USD trading ranges continue to compress amid weak multi day momentum”.
“Yield spreads however are quietly pushing back against EUR once again, the 10yr bund-Tsy spread for example hitting its most bearish euro levels in 26 years last week”.
“<a href="http://www.fxstreet.com/technical-studies/currencies/eurusd/">EUR/USD unlikely to trade much above 1.15 if at all and favour medium shorts into this level”.
“Euro's capital flow dynamics remain very poor too, with net bond and equity outflows picking up pace based on the latest balance of payments data”.
“February’s range continues to contract. Watching daily Bollinger bands as breakout levels at 1.1262 / 1.1471. Sidelines until broken”.