Short Eur/usd

Short Eur/usd


Quotes from Barclays Capital:
-The effect of Greek election result on the EUR and risky currencies (and assets) is likely to be muted. Instead, we may be faced with several days of continued uncertainty with the market trading on headlines. Given that, and in light of the ongoing problems in other economies and debt markets in the euro area, and our economists' change of call for the ECB to cut the main policy rate by 50bp at its July meeting, we prefer to remain short EUR.
-We recommended buying a 3m 1.25/1.20 EUR/USD put spread with a one-week window knock-in at 1.2750 on Friday ahead of the election. It is possible that there will be a bit more of a bounce in the very short run and that it will knock-in. But now that the election is out of the way, we would suggest simply buying the put spread.More FOREX-news on pages InstaForex.Com



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