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ECB may hike by 25bps, may not be enough to trigger a clean EURUSD breakout above 1.11

ECB may hike by 25bps, may not be enough to trigger a clean EURUSD breakout above 1.11
This is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. Comments from Citi:"EURUSD is modestly lower at 1.096 - the trajectory from here hinges on the upcoming large event risks. CitiFX Strategy say that while ECB may hike by 25bps, this may not be enough to trigger a clean EURUSD breakout above the 1.11 level (despite their structural bullish EUR case)," Citi notes... Read More
Posted: May 2 2023, 21:48
Author Name: forexlive
Views: 102494

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