Analysts at Citi continues to affirm a recommendation from last week for EUR/USD longs.
With today’s rebound, the trade is essentially flat. They have a target of 1.3711 (potentially 1.40+) with a stop at 1.3385.
They cited a fresh factor working in their favor today, saying European bank shares are likely to outperform their US counterparts. They say to watch the KBW US bank index for a potential breakdown to 56.00.
KBW bank index
