Looking for a move above 1.4000 in coming months as the Jawboning of the ECB become less effective and the USD slow burn continues. Expect this to continue as current account remains positive in Eurozone. Dangers to this forecast include --
1) May stock Correction which could lead to an EUR/JPY correction.
2) Current account surplus falls as Spanish/Italy/greek Debt becomes overbought we may have sharp correction.
3) Further deterioration of Frances economy could lead to this potential mutli week EUR/USD sell story as well.
1) May stock Correction which could lead to an EUR/JPY correction.
2) Current account surplus falls as Spanish/Italy/greek Debt becomes overbought we may have sharp correction.
3) Further deterioration of Frances economy could lead to this potential mutli week EUR/USD sell story as well.