EUR/USD sell recommendation from Nomura

I just retweeted from Nomura:

"Nomura recommends Selling EURUSD at $1.1230 looking for a "relatively quick move" down to $1.0900 , Stop at $1.1450

(h/t to @Sean_lee_forex)

I can add a little more detail:

  • Its from Nomura strategist Jens Nordvig
  • He cites: " ... a number of fundamental arguments ... now stack up in a way that favors further downside in EURUSD again"