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BNP Paribas: targets for EUR/USD

BNP Paribas holds a medium-term strategic EUR/USD short from 1.2520, targeting 1.1800 and with a stop-loss at 1.2800.

“Policy divergence has been and will likely remain a key theme as we head into the final months of 2014. The US data has remained solid enough to support our expectation for a tightening by the middle of the year 2015”, BNPP projects.

Chart. Daily EUR/USD

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