EUR/USD risks remain on the upside – Danske Bank

FXStreet (Edinburgh) - Senior Analyst at Danske Bank Pernille Henneberg argued that there is still room for further upside in the pair.

Key Quotes

“The sell-off in risky assets came to a halt this morning and EUR/USD has dropped while USD/JPY has bounced back above the 120 level”.

“It is probably too early to call the end of the sell-off and price actions are still likely to be driven by sentiment rather than fundamentals in the near term”.

“Technically, we are now in unchartered territory and risks to EUR/USD are on the upside near term”.