Flash: EUR/USD not the best option for geopolitical risk trade – BMO Capital Markets

FXstreet.com (Barcelona) – Stephen Gallo, European Head of Currency Strategy at BMO Capital Markets notes that trading EUR/USD purely on the basis of rising geopolitical tensions related to Syria and the MENA region will be difficult for the time being as the pair reflects a build-up of macro economic views.

Key Quotes

“A close below the 200-day moving average in EUR/CHF (currently 1.2275) should be an invitation to trade the pair into the 1.2050-1.2100 range if “classic risk off” persists and global equity markets continue to tumble, whilst significant equity market rallies could very easily see the pair trade back …read more