EURUSD: No change in the target. Still towards 1.00
EURUSD ws facing a little upside correction but the general picture is still the same. There are no sign of any upside reversal, nor any change of trend at the present time.
Bare in mind that from March 6th, ECB will pomp fresh money in the market, 60 Bio per month at least, so EUR will loose its value against USD . This is a mechanical process. If FED decides to increase its interest rate, it will be even worst for EUR that may go well bellow 1.0 Having said that, yet FEd is not in a position to increase its interest rate and I am not sure if this will occure by june.
Bare in mind that from March 6th, ECB will pomp fresh money in the market, 60 Bio per month at least, so EUR will loose its value against USD . This is a mechanical process. If FED decides to increase its interest rate, it will be even worst for EUR that may go well bellow 1.0 Having said that, yet FEd is not in a position to increase its interest rate and I am not sure if this will occure by june.
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