EUR/USD: analysts’ comments
Commerzbank: The market is immediately supported by an accelerated uptrend at $1.3535. While EUR/USD is trading above this level, we would allow for a retest of the $1.3670/1.3711, where we would expect to see failure (December 2004 high and the February 2013 high).
Danske Bank: There are increasing chances for the pair to keep advancing, based in the Fed ‘no-taper’, the US debt ceiling debate and shutdown negotiations, increasing long positions in EUR and better data from the euro area.
Societe Generale: Further short-term gains cannot be ruled out the longer the US stays in fiscal limbo and doubts proliferate over the timing of Fed tapering.