The USD Super Cycle based forecast of MS (Morgan Stanley) was made in January. As per that so-called forecast, the target of EUR/USD was 1.09.

The exact words of MS were: “
We believe that we are currently in the middle of the third major USD bull market of the past forty years. An extraordinarily long projected US economic expansion, widening growth differential between the US & the rest of the world, and increasing flow of investment back towards the States suggests that the USD rally will extend further,” MS argues.

Is this enough to substantiate that our bias on Euro (positive/bullish) looks appealing if MS starts to cover their client positions in the weeks to come? Stay on to read more on this blog.
Happy trading,
Rajeev
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