Ahead of Sunday’s Greece elections, WJ analysts expect a EUR/USD
drop to 1.22-1.23 early in the week if Syriza party wins, and are aware
of Fed’s and ECB’s action to stem risk aversion.
In regard to the “decisive” EU summit at 28/29 June, no short term miracle is expected: “Suspect EU Leaders will ultimately be a fade however given nothing more than a multi year road map towards debt mutualisation and fiscal union will be delivered”. The EUR/USD should not drop lower than 1.22 and could even reach 1.28 on 2 week horizon.
Asad Khan
Financial Analyst (CFB)
050-8774861
asad@cfb.ae
In regard to the “decisive” EU summit at 28/29 June, no short term miracle is expected: “Suspect EU Leaders will ultimately be a fade however given nothing more than a multi year road map towards debt mutualisation and fiscal union will be delivered”. The EUR/USD should not drop lower than 1.22 and could even reach 1.28 on 2 week horizon.
Asad Khan
Financial Analyst (CFB)
050-8774861
asad@cfb.ae
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