-
3 scenarios For Greece & Technical Outlook For EUR/USD - JP Morgan
As EUR/USD keeps respecting 1.05-1.10 range as of late despite Greece pushing itself onto the front page again, JP Morgan is out with a note outlining 3 possible scenarios for Greece and what do they imply for EUR/USD along with its technical outlook for the pair as well. What's next for Greece? JPM outlines three scenarios: (1) resolution in Q2 until the next rollover hump in coming years; (2) intensification through Q2 then resolution in Q3 or Q4; and (3) intensification with a path towards EMU exit. "The first path is our base case – the troika is willing to concede on the primary surplus and provide ... (full story)