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Goldman Says To Go Long EURUSD With 1.37 Target, 1.29 Stop

From zerohedge.com

With the EURUSD trading rangebound in the past few months, everyone needed a catalyst for a forward direction. Today, we got it courtesy of Goldman's Tom Stolper, who just released yet another EURUSD trade recommendation with a 1.37 Target. From Goldman: As we discussed in Monday’s Global Markets Daily, we continue to expect the compression in Euro area risk premia to push EUR/$ higher. Having just closed our long EUR/CAD recommendation, and in order to maintain exposure to the theme, we recommend long EUR/$ positions with a target of 1.37 and a stop at 1.29. As always: do the opposite of what Tom Stolper, who is ... (full story)

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