Citibank recommends selling EUR/USD

  • We are selling EURUSD at 1.0688 with a stop loss at 1.0850 and a minimum target of marginal new lows below 1.0400 if not closer to parity. 
  • Our ultimate target remains .88-.90 on a medium term basis. 
  • The move below the double top neckline at 1.0714 and the possibility of a bearish outside week on a close below that level tomorrow have been instrumental in this decision.

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