EUR/USD at 1.20 in Quick 90 Days- UBS

The recent news highlighted the move by the UBS Investment Research which restructured its estimate for the upcoming quarterly period. “We think money mastery will continue straight into year-end; investors will certainly preserve searching for safe-haven money while they take flight of more dangerous foreign currencies, growing marketplaces and commodities.”

Concerning the EUR/USD, UBS mentioned: “Lengthy positioning as well as the anticipation of any short-term correction on the other hand, could indicate that these sorts of rallies should be sold directly into. In keeping with our much wider outlook, we have got altered the 1m along with 3m forecasts to 1.30”

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