Analysts said BNP Paribas, following the sharp rise on Tuesday the euro, British pound and commodity currencies are likely to continue their upward movement. However, the bank noted that the rising trends in more supportive of the technical elements and trends in the market of options, rather than fundamental factors. Therefore, bank analysts were skeptical about the sustainability of such growth. As a strategy for BNP Paribas analysts prefer long positions in these currencies in pairs with the dollar with tight stops.
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