Trade of the week from Citi: Sell EUR/USD

Market news

14 February 2017

Trade of the week from Citi: Sell EUR/USD

Currency investors should consider selling EUR/USD this week, advises CitiFX in its weekly FX pick to clients.

Sell at 1.0615, target 1.0375, stop loss 1.0730," Citi advises.

Citi weekly trades provide short term guidance on where they see 1-2 week opportunities in G10 FX markets. Unless Citi explicitly extends them, they will be closed out automatically at COB the second Friday after they are introduced.

Today’s events

Negative start of trading expected on the major stock exchanges in Europe: DAX -0.3%, CAC40 -0.2%, FTSE -0.1%

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