Credit Agricole: EUR/USD rallies a sell regardless of Greece headlines – eFXnews

FXStreet (Barcelona) - The eFXnews Team shares Credit Agricole views that EUR/USD is set to weaken due to the ECB monetary policy expectations, and hence suggests selling any rallies for the pair.

Key Quotes

“Risk sentiment has been broadly stable, regardless of EU Finance Ministers not agreeing on a common approach when it comes to Greece.”

“According to Eurogroup Chairman Dijsselbloem not enough progress was made in order to come to joint conclusions.”

“We remain of the view that EUR/USD rallies should be sold, regardless of conditions in Greece as strongly capped ECB monetary policy expectations should ultimately make a case of the pair breaking lower.”

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