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EUR/USD: technical update

On Monday EUR/USD strengthened from $1.3135 to $1.3190, but later slipped lower to $1.3060. 

TD Securities: Eurozone survey data will be the fundamental focus this week (PMI’s on Wednesday and German IFO on Thursday) and while there may be some upside risks to the German figures, we continue to remain overall bearish on the single currency. We would reconsider with a decisive break above $1.3200. 

UBS: A closing break above $1.3170 this would be positive. Close below would open the way to the $1.2994 support.

Chart. H4 EUR/USD

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