We would expect EUR/USD to drop 2.50/3.00% in the event of a Brexit. The EUR/USD rate has moved about 20% as much as GBP/USD in reaction to the most recent poll releases. The target is positioned @ 1.0974
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mgiuliani
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on 24 June the target was reached
mgiuliani
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As we mentioned in the previous comment we believe that if there is a Brexit next week, the euro would not to behave as a safeheaven, but rather to see the euro under big pressure on fear of further discord with the region.
mgiuliani
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