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EUR/USD: A Warning Signal Or A Buy Signal - JP Morgan, ING
Yesterday's surprisingly weak US GDP publication triggered a whole row of breaks below crucial USD supports, and in doing so the long-awaited EUR/USD short squeeze appears to be here at last, clearing out plenty of consensus positions. So, when does this squeeze end and how should investors trade it? The technical strategy teams at JP Morgan and ING have different takes on that as for JPM this is only a 'warning signal' for bears, while ING sees as a clear 'buy signal'. Here are the details on their related technical views: JPM: The bears are on alert, but remain in control for the time-being. "Yesterday’s break ... (full story)
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