#EURUSD @ 1.09995 to enjoy further gains if ECB is unanimous delivering a 50 bps hike – SocGen
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EUR/USD has seen a breakthrough above 1.10. Will a hawkish ECB add to bullish bid? Economists at Société Générale believe that the pair could extend its rally.
“The Euro is pushing on an open door as UST/Bund spreads narrow, and though technicals look stretched, further gains above 1.10 are possible if the ECB is unanimous is delivering a hawkish 50 bps hike.”
“EUR/JPY could be on the cusp of a bullish break out if it can overcome 142.90.”
“EUR/GBP may have another crack at 0.89.”
See – ECB Preview: Forecasts from 14 major banks, another 50 bps hike
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