FXstreet.com (Barcelona) - The effects of last week’s EU Summit announcements have die off already, and investors have commenced to focus on the ECB monetary policy meeting on Thursday, where the likeliness of a 25 bps rate cut has grown bigger.
However, analysts at Danske Bank expect the euro to gain some ground in the near term vs the USD and the JPY. The Nordic bank recommends going long EUR/USD at 1.2563 to collect profits in the 1.2778 region, and the suggest the same strategy in EUR/JPY, buying at 100.07 and targeting 102.13
However, analysts at Danske Bank expect the euro to gain some ground in the near term vs the USD and the JPY. The Nordic bank recommends going long EUR/USD at 1.2563 to collect profits in the 1.2778 region, and the suggest the same strategy in EUR/JPY, buying at 100.07 and targeting 102.13
