EUR/USD finally made a breakthrough and holds onto higher ground. What’s next? Here is their view, courtesy of eFXnews: Nordea FX Strategy argues that while the longer-term direction for EUR/USD is higher, the pair is ripe for a setback in the near-term. “Everyone is already long European equities, seasonality for Bund yields is negative for July [...]
The post EUR/USD: Higher L-Term But Ripe For A Setback N-Term On Change In Unhedged Flows – Nordea appeared first on Forex Crunch.
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