EURUSD longer term picture

FX:EURUSD   Euro / U.S. Dollar
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If we can make our way to the recent swing low then i see no structure for 150 pips meaning a swift move 1.2050 might be on the cards.

Multiple technical and fundamental reasons for this play, central bank divergence, general ECB dovishness and lack of inflation , Bond spreads will all also contribute to this.

Net longs on EUR need to be unwound at some point also.

Conversly i think JP Morgan has a target of 1.3000 this year, we shall see.
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