Fxtrod.com-Morgan Stanley FX Strategy Research is bullish on EURUSD and recommends that investors use dips from here as buying opportunities.
In particular, Morgan Stanley argues that EUR should remain bid as the single currency is now trading in close positive correlation with risk and currency unhedged inflows are gathering pace with the Bund-BTP spread narrowing on investors hopes that post the French election EMU would increase its reform momentum.
Morgan Stanley FX Strategy Research is looking to buy EURUSD dips with stop around 1.0830.