EUR 2020-08-20 13:30

Deutsche Bank: signs that the euro upside move is maturing, favours taking profit

Deutsche Bank argues that the euro may have hit a top for now, adding that  there are signs from a technical and macro perspective that the euro upside move is maturing and they say that with EUR/USD nearly hitting its 1.20 target, they favour taking profit at this stage.

And any move towards 1.2300 in EUR/USD would make the range lean towards the extreme side and see 'ultimate exhaustion'