EUR/USD: Close To Peaking? Is Rally Coming To An End? – Credit Agricole

Credit Agricole CIB FX Strategy Research discusses the EUR outlook, and thinks that while the EUR is likely to remain generally resilient, it's probably inching closer to a peak in the near-term.

"EUR increasingly looks like a currency where many positives have already been priced in. The single currency may thus struggle to embark on a fresh uptrend in the near term.

This could be partly driven by concerns that EUR has moved closer to the ECB’s ‘pain threshold’ again, ahead of the release of the centralbank’s minutes next week," CACIB argues.

Source: Credit Agricole CIB ResearchOriginal Article