13 Dec 2013
Flash: USD weakness has gone far enough - UBS
FXstreet.com (Córdoba) - The UBS analyst team opened a long USD vs. short CHF position, within opportunistic short-term trading recommendations. They explained the reasons underlying this trade.
Key Quotes
"This is opened at 0.8888 with a target at 0.9250 and a stop loss at 0.8700".
"We think that EURUSD and USDCHF are range bound and that the USD weakness has gone far enough".
"The ECB, which has cut rates when EURUSD was close to this level, is likely to speak up soon".
"The Fed is about to taper and US budget issues improved strongly in the last days".
Key Quotes
"This is opened at 0.8888 with a target at 0.9250 and a stop loss at 0.8700".
"We think that EURUSD and USDCHF are range bound and that the USD weakness has gone far enough".
"The ECB, which has cut rates when EURUSD was close to this level, is likely to speak up soon".
"The Fed is about to taper and US budget issues improved strongly in the last days".