DislikedEUR/USD has recently been held up by a combination of the re-opening momentum in Europe and the according emerging hiking bets in the EUR swap. We now find a better risk/reward in re-entering EUR/USD shorts, but decide to keep our powder dry until later in the summer as e.g. Southern Europe will keep delivering positive surprises through June due to a continued reopening process. Our end-year target around 1.15 in EURUSD remains intact. (Nordea)Ignored
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Charts are limited in nature. What is the relative location?