Why Does The Euro Refuse To Go Lower?

Why Does The Euro Refuse To Go Lower?

We are no less convinced than we were at the start of the year that EURUSD is going to head much lower over the coming years We anticipated this move would already have begun at this stage yet we sit at almost the exact level where we closed 2013 We believe the “day of reckoning” is not far away and that as detailed above the building blocks are now falling in place. We may have already peaked with the marginal new high posted at 1.3967 this month but either way we are skeptical of any sustainable move over 1.40 materialising and still believe that we may see EURUSD much closer to 1.20 than 1.40 before this year is behind us

http://www.zerohedge.com/news/2014-03-29/citi-why-does-euro-refuse-go-lower

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