29 Jan 2015
EUR remains a sell on strength vs. USD, CHF – Westpac
FXStreet (Edinburgh) - Strategist Richard Franulovich at Westpac recommends selling the shared currency vs. the US dollar and the Swiss Franc.
Key Quotes
“Not a lot going for the euro right here, even as ECB QE anticipation is out of the way and positions are of course heavily lopsided”.
“Fresh negatives include a highly combustible Greek/troika review in coming weeks, with recent soundbites from officials on both sides showing precious little goodwill”.
“EUR/CHF slowly forming a beachhead above parity but not convinced it will last amid ongoing ECB QE and instability in Russia”.
“EUR/USD a sell into 1.1450/1.1550, EUR/CHF a sell into 1.0250/1.0300”.
“Somewhat skeptical that EUR/GBP can continue to trade heavily as the UK general election slowly shifts onto the radar, with polls very tight”.
Key Quotes
“Not a lot going for the euro right here, even as ECB QE anticipation is out of the way and positions are of course heavily lopsided”.
“Fresh negatives include a highly combustible Greek/troika review in coming weeks, with recent soundbites from officials on both sides showing precious little goodwill”.
“EUR/CHF slowly forming a beachhead above parity but not convinced it will last amid ongoing ECB QE and instability in Russia”.
“EUR/USD a sell into 1.1450/1.1550, EUR/CHF a sell into 1.0250/1.0300”.
“Somewhat skeptical that EUR/GBP can continue to trade heavily as the UK general election slowly shifts onto the radar, with polls very tight”.