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Time to take some profit on EUR/USD shorts – DB

FXStreet (Barcelona) - George Saravelos, Strategist at Deutsche Bank maintains his 1.25 forecast as is for the EUR/USD pair in the near-term, with a longer term target of 95 cents in 2017.

Key Quotes

“Near-term, we are maintaining our 1.25 forecast as is, and would take profit on EUR/USD shorts”

“First, the currency has run ahead of its real rate differential, which we consider to be the best metric for judging relative central bank divergence. On real rates EURUSD fair value currently stands in the high 1.20s.”

“Big picture, we see no reason to change our EUR/USD medium-term forecasts which remain unchanged at 1.15, 1.05 and 95cents for 2015, 2016 and 2017 respectively”

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