Latest MS EUR/USD order (limit buy, target & stop)

Morgan Stanley like the euro; this from their latest 'FX Pulse'

• Limit Order (21-Sep-17) Entry: 1.1830;
• Target: 1.2500;
• Stop: 1.1640

MS cite:

USD's reaction to a repricing of the Fed hiking cycle will likely be limited, so we choose to buy EURUSD on dips. The fundamental eurozone story is still strong, with local equity markets now even starting to outperform despite the strength of the currency. Swiss investors should soon start to use the rise in Bund yields as a sign to put more money to work outside the eurozone. Should that money come over FX-unhedged then it would add to EUR's strength. The market no longer sees there being a high risk of the currency union breaking up, allowing EURUSD to diverge from where rate differentials would suggest.