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MUFG trade of the week: Look for the euro to rally to 1.1350

MUFG Research added a long EUR/USD position in its TOTW portfolio, while maintaining a short USD/JPY exposure targeting a move towards 129. MUFG recommended a new long EUR/USD on Friday (spot ref: 1.0950), targeting a move towards 1.1350, with a stop at 1.0750. "We are recommending a new long EUR/USD trade idea. The pair is currently testing the top of this year's trading range between 1.0500 and 1.1000. We expect the pair to break to out to the upside and move back closer to pre-Ukraine confl... Read More

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Posted: Apr 24 2023, 14:09

Author Name: forexlive

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