“It all boils down to the ECB meeting later today and although the path of least resistance remains for a vulnerable EUR, any disappointment from Draghi may catalyze short-covering instead”.
“Look especially to Draghi’s press conference at 1330 GMT. Our view remains unchanged with imminent risks towards 1.0400 still a potential prospect while 1.0700 may continue to cap initial upticks”.
“We stay short EUR-USD from 1.1050 (27 Oct 15), keeping an eye on our 1.0380 target”.
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