EUR/USD upside could be limited – Danske Bank

Jakob Christensen, Senior Analyst at Danske Bank, believes it is still premature for the ECB to start tapering, which could limit the pair’s upside.

Key Quotes

“EUR/USD continued to creep higher yesterday as the hawkish tone from the ECB’s Praet added to the sense of ECB being more eager to take next steps on policy ‘normalisation’.

“We still think it is too early for the ECB to put an end date to QE in June, which should help put a lid on EUR strength near term”.