MUFG trade of the week: Sell EUR/USD | Forexlive

The euro slide isn’t over.

MUFG suggests selling the euro from 1.0675 (near spot) with a target of 1.0350 and a stop at 1.0850.

“We are recommending a ne wshort EUR/USD trade idea to reflect our view that there is room for the reversal lower to extend further in the near-term. We are expecting the pair to fall back towards support from the 200-day moving average that comes in at around 1.0330,” MUFG writes.

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