Credit Agricole CIB FX Strategy Research maintains its EUR bullish outlook and keeps expressing that via holding long EUR/USD position* from 1.1770 targeting 1.2200 and long EUR/CHF position* from 1.1320 targeting 1.1800.
"EUR has endured a difficult week on the back of political risk returning in Germany. We remain constructive on the currency as we doubt that political uncertainty will derail the Eurozone’s solid economic recovery.
Positive surprises from next week's Eurozone data might also increase the likelihood of the ECB upgrading its growth and inflation forecasts at its 8 December meeting.
We remain long EUR/USD* and EUR/CHF*," CACIB argues.
Source: Credit Agricole CIB ResearchOriginal Article
