Remain short EUR – ANZ

FXStreet (Barcelona) - The ANZ Team suggests maintain a short position on the EUR as risks of ECB meeting and the Greek elections might exert further downward pressure on the single currency.

Key Quotes

“In the immediate future, the event risk of next week’s ECB meeting and Greek elections should continue to exert downward pressure on the euro. We continue to advise staying short EUR/for now. Monitoring trends in the oil price and the German yield curve is crucial as these have been key barometers of EUR weakness in recent months. The signalling from the SNB with the removal of the floor is also not positive. For now, the trend in the euro remains down.”