EUR/USD: Stay long Euro, bad news already priced-in - Nomura
In their latest client note, analysts at Nomura offer a bullish outlook on the EUR/USD pair.
“Seems likely the euro has priced in much of its relative growth weakness against the USD.
Remember the investment adage 'buy low, sell high', it would be now in reference to the Euro area growth cycle.
The worst of the EUR negative data has already been released.”