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Analysts: comments on EUR/USD

UBS (bullish):"Resistance is at $1.3569, a break above here would open the way to major resistance at $1.3711. Support is at $1.3462 ahead of $1.3392”.

Commerzbank (bullish): "Initial support remains the $1.3453 (August high). Only a close below here would alleviate immediate upside pressure and signal a slide back to $1.3278/1.3168 (55- and 200-day MA). We would not rule out a bull attempt to $1.3585 and even $1.3730".

Westpac (moderately bullish): "We continue to target $1.3700. However, the EU/US data pulse remains structurally more upbeat for the US dollar. Important in this view will be how quickly the German coalition is formed, the colour of this coalition and policy towards Europe. Next week's ECB meeting will be important too. All up, we favour beginning to look to build short EUR positions." 

Chart. Weekly EUR/USD


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