Thoughts on the euro from Morgan Stanley, SocGen and Barclays
. The EUR upward
correction is not yet complete, in our view, and after a couple of days we
expect EURUSD to start another attempt to the upside…With risk doing well,
EURUSD is likely to retest yesterday’s lows, but we stick to our view that the
corrective high in EURUSD has not yet been traded. The 1.1760 level remains our
minimum target, and there is even a chance of seeing 1.20.