22 Oct 2013
Flash: EUR/USD to hold above 1.3000 next year - Rabobank
FXstreet.com (Córdoba) - Rabobank Strategist Christian Lawrence highlighted a more structurally bullish view for the USD with a long timeline.
Key Quotes
"We expect EUR/USD to hold north of 1.30 until the second half of 2014".
"That said, a look at an hourly DXY chart shows strong bullish divergence and a broadening bottom pattern which in combination with the intersection of two bullish trendlines on the daily chart points to a strong USD buy signal in the near term".
Key Quotes
"We expect EUR/USD to hold north of 1.30 until the second half of 2014".
"That said, a look at an hourly DXY chart shows strong bullish divergence and a broadening bottom pattern which in combination with the intersection of two bullish trendlines on the daily chart points to a strong USD buy signal in the near term".