Currency Analyst since 2010

EUR/USD: wait for a breakout

JP Morgan: “A range breakout between $1.3569/1.3600 and $1.3452 is required to receive fresh directions. The delayed tapering process has postponed EUR downtrend. On the upside the targets lie at $1.3923, $1.4041 or $1.4259. On the downside the targets lie between $1.3234/10 and $1.3173 (200-day MA).

Bank of America Merrill Lynch: “A EUR/USD closing break of $1.3563 opens the door for bull trend resumption towards $1.3701/1.3835. Bears need a closing break of $1.3458/28 to open a deeper correction towards $1.3234, potentially below”.

SEB: A clear break outside $1.3440/1.3569 is needed to show sellers’ or buyers’ initiative. $1.3695/1.3711 is the next attraction/resistance area above and the mid/low-$1.33s is of interest below.

Chart. H1 EUR/USD

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