26 Jan 2015
EUR/USD could drop below 1.10 in 6 months – Danske Bank
FXStreet (Edinburgh) - Christin Tuxen, Senior Analyst at Danske Bank, sees the pair testing and maybe breaching below the 1.1000 support in a 6-m horizon.
Key Quotes
“The outlook for continued uncertainty regarding Greece’s stance vis-à-vis its European partners is likely to weigh on the EUR in the near term”.
“With speculators already heavily short the single currency, we stress that it is unlikely to be a one-way street for EUR/USD, even as markets continue to digest the ECB’s extensive QE scheme, but it is increasingly likely that the cross may undershoot our 6M forecast of 1.10 in H1”.
Key Quotes
“The outlook for continued uncertainty regarding Greece’s stance vis-à-vis its European partners is likely to weigh on the EUR in the near term”.
“With speculators already heavily short the single currency, we stress that it is unlikely to be a one-way street for EUR/USD, even as markets continue to digest the ECB’s extensive QE scheme, but it is increasingly likely that the cross may undershoot our 6M forecast of 1.10 in H1”.