The euro dropped quite a lot against the dollar in 2014. What’s on the road ahead for the upcoming 2 years?
The team at Citi take a long term view:
Here is their view, courtesy of eFXnews:
CitiFX Technicals is out with a very interesting long-term chart for EUR/USD suggesting that the pair should find some initial support in the 1.22 area and pointing to 2 long-term targets for the pair’s downtrend:
1- 1.2183-1.2223 trend line and 200 month moving average – Citi sees these targets possible by end of this year.
2- Parity or below. Citi projects these targets over 2015 and into 2016.
In its portfilio, Citi maintains short EUR/USD targeting 1.22 and below.
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