Open trading account 
Unicredit says to sell EUR/USD at current levels for a target of 1.3300 and a stop loss at 1.3570.
They say the initial post-FOMC US dollar decline has faded and the euro has lagged the correction in other pairs. They note 2-year swap spreads and their proprietary model based on local PMIs.
BNP Paribas also talked about selling the euro yesterday. Rate differential trades are a tough business because things can get way out of line before they correct. In any case, according to BNP Paribas’ proprietary models EUR/USD should be trading around 1.3200 and that the pair is the most overvalued since early June. The suggest selling at 1.3510 with a target of 1.2800 and a stop at 1.3730.
Cii on the othe rside fo the trade (and so am I).
They say the initial post-FOMC US dollar decline has faded and the euro has lagged the correction in other pairs. They note 2-year swap spreads and their proprietary model based on local PMIs.
BNP Paribas also talked about selling the euro yesterday. Rate differential trades are a tough business because things can get way out of line before they correct. In any case, according to BNP Paribas’ proprietary models EUR/USD should be trading around 1.3200 and that the pair is the most overvalued since early June. The suggest selling at 1.3510 with a target of 1.2800 and a stop at 1.3730.
Cii on the othe rside fo the trade (and so am I).