Short EUR/USD – Deutsche Bank

Research Team at Deutsche Bank, suggests to go short on the EUR/USD pair as the G10 trade idea of the week for the target of 1.03 while maintaining a stop of 1.0950 and entry being the 1.0750 level.

Key Quotes

“EUR/USD can finally break out of its 1.05-1.15 range after the Trump victory. The pair has been range-bound for nearly the longest period in history and dollar drivers are supportive as a Fed rate hike will make the dollar one of the three highest yielding currencies, even before potential upside risks to US growth from fiscal stimulus.”