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Forex pairs in this Article » EUR/USD (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes the recent EUR strength following today's releases in the euro area.

Key Quotes

“That’s a number that would be tailor-made for keeping EUR/USD firmly in its range, but given the current mildly bearish mood, we would get a reaction to a weaker outcome.”

“There is s skew to the short-term EUR/USD outlook, it seems, with a willingness to react to bad news that outweighs the reaction to good news. Are we going to re-visit the sub EUR/USD 1.34 levels we saw after the last ECB rate cut in November?”

“Our core EUR/USD view remains bearish over the long-term, but very wary in the shorter term, though the EURUSD simple ‘baby model’ has been pointing lower and would justify a fall to 1.34.”
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