Credit Agricole thinks that EUR rally should be sold.

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Credit Agricole published their outlook on EUR/USD currency pair, mentioning an important announcement from ECB executive. Peter Praet (executive board member and chief economist of the ECB) made comments last week, according to which the ECB still has room for cutting interest rates further.

“We remain of the view that EUR upside is limited from the current levels. While we do not exclude that the EUR will reach levels closer to 1.13-1.15, we believe that rallies should be sold” written in the report.

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