Strategist Sees Lower Euro In 2015 (EUR/USD)

Sebastien Galy, Senior Currency Strategist at Societe Generale, thinks EUR/USD, which is currently trading around 1.23, will fall to 1.15 in 2015. He told Bloomberg TV last week that lower oil prices will fuel deflation in the Eurozone which will be the catalyst that forces sovereign QE at the ECB (Germany's Bundesbank will give the green light).

Draghi Will Be Able to Ease Thanks to OPEC: Galy (Bloomberg TV)


Here's a chart of EUR/USD via StockCharts.com. I think there's a high probability that EUR/USD will hit 1.15 next year. But there could be a relief rally if shorts get squeezed through that downtrend line.

Source: StockCharts.com

Recent related posts:
*Constancio: ECB May Consider Sovereign QE Next Quarter (Bloomberg Video)
*US Dollar Breakout Could Disrupt Global Markets

Sebastien Galy was also interviewed on A Finance Podcast on November 5, 2014.

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