Crédit Agricole's FAST FX model has initiated a long EUR/USD position, noting the currency is currently more than 1.5 standard deviations undervalued. The trade has a target of 1.1638 and a stop-loss of -1.69%.
Key Takeaways
- 1.The FAST FX model triggered a long EUR/USD trade based on the pair becoming more than 1.5 standard deviations undervalued.
- 2.The trade entry is 1.1403, with a take-profit target of 1.1638 and a stop-loss of -1.69%.
Table of Contents
- FX Trade Idea
- Historical trade performance
- Red Mount Analytics
- Global Markets Research contact details
- Certification
- Foreign exchange disclosure statement to clients of CACIB
- Additional recommendation obligations
- Valuation and methodology
- MiFID II contact details
- Disclaimer
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Authors
Valentin MarinovDavid Forrester
Securities
EUR/USD
Themes
Quantitative FX Strategy
Regions
GlobalUnited StatesJapanCanada