Credit Agricole CIB FX Strategy Research discusses EUR outlook mainly from the flows front, and thinks that they still likely to support further EUR gains going into 2018.

"…These flows should remain supportive, as the EUR still looks cheap across the board, and as Eurozone stocks could outperform in tandem with the improvement in the European economic outlook," CACIB argues.

In line with this view, CACIB maintains a long EUR/USD position* from 1.1770 targeting 1.2200 and long EUR/CHF position* from 1.1320 targeting 1.1800.

Source: Credit Agricole CIB ResearchOriginal Article