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.”