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Credit Agricole: Staying Long EUR/USD – eFXnews

FXStreet (Barcelona) - The eFXnews Team note that Credit Agricole positions itself long for the EUR/USD pair, targeting 1.31.

Key Quotes

“We note that while latest BoJ policy shots make it difficult to justify short USD/JPY (we forecast end-December 118.0), they are not obstacle to a correction higher in EUR/USD given currently stretched positioning. Indeed triggers such as stronger dovish Fed rhetoric or end-of-year window dressing as potential catalysts in the coming week.”

“We remain long EUR/USD as a trade recommendation and now also recommend EUR/JPY longs into year-end.”

“In its portfolio, CA maintains a long EUR/USD position targeting 1.31.”

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