EUR/USD is just overly expensive? - Societe Generale

FXstreet.com (London) - Sebastien Galy, strategist at societe Generale said the EUR/USD is overly expensive given it's internal imbalances, social tensions are an indication of this.

Key Quote:

“The picture from Germany was a familiar one on disappointing internal demand and strong exports, e.g. no sign of any rapid rebalancing within Europe between the core and periphery. EUR/AUD is approaching its MA(100) and if I would venture will take a peak south”.