Barclays.
As they were the first bank to alert me to the possibility of acclerated gains in the cross, I was interested to read their latest thoughts curtesy of Dow Jones.
The bank doesn’t rule out a move to 1.3210 which apparantly is the 200 week moving average. They say they have seen repeated strong volumes and the recent break of the 2011 peak at 1.2475 has them targetting 1.2660 next.
Personally, as I’ve said before, I hate this particular cross with a vengeance. Should come with a public health warning in my opinion
We’re trading down at 1.2463 as I type this.