EUR/USD: Assessing Risk & Direction Into Next Week's ECB - Nomura

Nomura FX Strategy Research discusses the EUR outlook going into next week's ECB meeting, noticing that the EUR trading behavior has been changing and reacting to EUR rates and data more significantly.
Men's Wearhouse - Clearance "EUR appreciation has been clearly supported by stronger fundamentals. The ECB’s assumption for EUR/USD was 1.18 in September, and we think there are limited reasons for the ECB to escalate its negative view of the risk of EUR appreciation at next week’s meeting at the current level of the EUR.
We judge the EUR bias is still tilted towards the upside after consolidation," Nomura argues.