EUR/USD has more downside in the first half of 2022, but plenty of upside in the second half – SocGen
Kit Juckes, Chief Global FX Strategist at Société Générale, sticks with short EUR trade in the near-term. However, EUR/USD is set to bounce back towards 1.15 later in the year.
Break of 1.12 to trigger a move below 1.10
“We’re sticking to a core view that EUR/USD has more downside in the first half of this year, but plenty of upside in the second half.”
“We expect a break of 1.12 to trigger a move below 1.10, but we’ll see 1.15 again later in the year.”
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