EUR/USD: what do banks say?

SEB Bank: “EUR/USD will slide to $1.3162 (ideal target for the wave 3) and will correct to $1.3237 in the fourth wave.”  

BTMU: “The ECB will likely acknowledge the strengthening recovery in the euro-zone at their policy meeting in the week ahead but also stress that the pace of recovery is likely to remain only gradual supporting their commitment to maintain current or lower rates for an extended period. We maintain that EUR is likely to remain relatively stable in the near-term with limited downside”.

Barclays: “The market pushed below $1.3200, signaling a return to $1.3140, and then the $1.3100 area. The 200-day average is at $1.3145, and a close below this would add to bearish confidence. Intraday resistance is at $1.3260.”

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