Too early to get on board of a EUR/USD trend - SocGen

FXStreet (Bali) - According to Societe Generale, it's still too early for a EUR/USD trend to develop.

Key Quotes

"The market has now fully priced in ECB rate cuts, including a negative deposit rate, in the June policy meeting. We prefer to seek near-term trading opportunities in euro crosses, rather than EUR/USD, with a preference for shorts in EUR/GBP and EUR/NOK. The rally in US bonds also sets up the potential for further short-covering in yen."