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29 May 2015
Sell the rallies in EUR/USD – BTMU
FXStreet (Edinburgh) - In the view of analysts at BTMU, any bullish attempts in the pair should be taken as selling opportunities.
Key Quotes
“We are setting a wider trading range for the week ahead given we appear to be getting ever closer to the potential for some form of deal being announced between Greece and its creditors – the EU, the IMF and the ECB”.
“That might prompt a sharp rally in EUR/USD but we see any rally as being fleeting with renewed selling likely to come into the market quickly”.
“Greece is not the issue for EUR/USD – it’s the evidence that the US economy is recovering and as long as the data over the coming week points to further gradual improvement, then the dollar is set to remain well underpinned”.
Key Quotes
“We are setting a wider trading range for the week ahead given we appear to be getting ever closer to the potential for some form of deal being announced between Greece and its creditors – the EU, the IMF and the ECB”.
“That might prompt a sharp rally in EUR/USD but we see any rally as being fleeting with renewed selling likely to come into the market quickly”.
“Greece is not the issue for EUR/USD – it’s the evidence that the US economy is recovering and as long as the data over the coming week points to further gradual improvement, then the dollar is set to remain well underpinned”.