Nomura: is the EUR uptrend Intact?
According to Nomura economists, the medium-term (2-4 months) EUR/USD uptrend, which has been in place since April 2013, will remain intact.
They believe strong portfolio inflows into the Eurozone have been a key source of EUR resilience over the past 12 months. In the coming 2-4 months the flows are expected to continue supporting the euro currency. However, the inflows may peak around mid-2014.