ING FX Strategy Research argues that investors are likely shifting to a ‘buy-the-dip’ strategy in EUR/USD even if the expectations of US fiscal policy could limit further upside in the near-term.
In that regard, ING thinks that a dip in EUR/USD into the 1.0740-80 region looks a buy targeting 1.12/13 into June.
ING also recommends long EUR/JPY on the ground of a sustained EUR recovery and a return of the Trump reflation trade.
ING thinks a dip in EUR/JPY into 118 looks a buy targeting 124.
Source: Bloomberg
Trader Bozhidar Arabadzhiev
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