EUR/USD has shown a lot of stability despite the bearish forecasts and falling inflation. The team in Westpac sees a significant leg lower in Q1 2015, and sets clear targets: Here is their view, courtesy of eFXnews: Westpac is out with its top FX trades for Q1 2015 where selling EUR/USD is one of the core trades on WP’s list. The following is WP’s rationale behind this call along with its strategy to sell the pair. Rationale: Long USD may be a well-owned consensus trade but it remains a good bet into 2015H1. The approach of the Fed’s lift-off from the zero-bound should provide the key near term support for the USD. As the chart across shows, the historical template points to steady gains for the USD ahead of policy tightening, with the USD typically rallying in the six months going into the commencement of policy tightening. The near certainty of sovereign ECB purchases in Q1, cemented by the paltry uptake at second TLTRO, will make for an eye-watering divergence in Fed and ECB policy. Strategy: Our preferred strategy is to be short EUR/USD right here (1.2410), adding to the position on a bounce to 1.2600, targeting initially 1.2000 in Q1 2015 and then the late 2005 lows of 1.1640. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam EUR/USD DailyForex News Today: Daily Trading News share Read Next All eyes on US rate decision FxPro - Forex Broker 8 years EUR/USD has shown a lot of stability despite the bearish forecasts and falling inflation. The team in Westpac sees a significant leg lower in Q1 2015, and sets clear targets: Here is their view, courtesy of eFXnews: Westpac is out with its top FX trades for Q1 2015 where selling EUR/USD is one of the core trades on WP's list. The following is WP's rationale behind this call along with its strategy to sell the pair. Rationale: Long USD may be a well-owned consensus trade but it remains a good bet into 2015H1. The approach of the Fed's lift-off… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.