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Forex pairs in this Article » EUR/USD
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, believes the EUR/USD would keep heading southwards after highs near 1.39.

Key Quotes

"The German Federal Constitutional Court's decision to refer some of the issues surrounding the judgement ton the legality of the ECB's OMT to the European Court Of justice, has added yet another layer of uncertainty to the outlook for monetary policy in a region that needs cheaper and more readily available money. The Euro jumped after the ECB's inaction on Thursday and is testing resistance again this morning."

"I still think we've seen the highs around 1.39 but the fall from here will be slow. The weekend data in Japan meanwhile, continues to show the initial boost from Abenomics fading, the economy needing more monetary easing."
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