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#1 12-05-2015 08:08:08

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: Deutsche Bank lists 3 reasons to short euro once again

EUR/USD: Deutsche Bank lists 3 reasons why euro should once again be shorted at current prices


http://www.forex-central.net/forum/userimages/LogoDeutsche-Bank.png


In a note sent to clients today, Deutsche Bank gives 3 reasons to short the EUR/USD once again:

"The recent rise in the EUR/USD does not have much potential at this point and it seems that the current levels are good entry points to short the pair.

First, among the 10 strongest dollar movements in history, all but one showed a difference of more than 10%. The current correction of the dollar having reached -9%, we can assume that it is done, or nearly complete.

Second, the position is much clearer. Volumes on the forex have increased during the last two weeks of the rise of the EUR/USD, and are now back from extreme levels, reflecting reduced numbers of positions.

Thirdly, risks are moving toward possible divergence between the EUR and USD in favour of the USD in terms of growth and monetary policy."

In conclusion, Deutsche Bank confirms its forecast for EUR/USD parity by the end of the year, and believes that current levels are good entry points to short the pair.


"Anything worth having is worth going for - all the way." - J.R. Ewing

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