May 27 (Bloomberg) -- Investors should sell the euro versus the dollar on concern that Europe’s liquidity crisis isn’t over and investors will continue to flee European assets, Nomura International Plc and Citigroup Inc. said...
....“Fears of a widespread liquidity crisis continue to linger in the background,” Steven Englander, head of Group of 10 currency strategy at Citigroup in New York, wrote in a report today. “Against this backdrop, we anticipate that downward pressure on the euro will persist.”..
... Nomura recommended selling the euro at $1.2177, with a stop at $1.2880. The firm earlier recommended selling the currency after it broke $1.25 on May 14 and at $1.2350 on May 19.
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