Despite the sharp fluctuations in the markets
before the closing last Friday, our outlook for the dollar remains negative
over the medium and long term, and our outlook remains positive for the Euro
over the medium and long term.
Therefore, we recommend taking advantage of the
emergency pullbacks to enter into long positions on EUR /USD , GBP / USD, EUR /
JPY
Targets for EURUSD remain around 1.3 levels
GBP targets remain around 1.5 levels
Euro JPY targets remain around 140 levels
We will be cautious during the trading day
waiting for the speech of Mario Draghi while we will wait for trading
opportunities that may appear before the announcement of British data and
interest rates on the British pound mid of the week
We will come back with a full analysis with the
usual recommendations tomorrow morning after the market trends are confirmed
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