Currency Analyst since 2010

EUR/USD: more upside's expected

EUR/USD added yesterday about 100 pips and closed above resistance line which used to cap the prices on the upside since July.

FBS: We believe that euro remains a buy on the dips with a target at $1.3820 (61.8% Fibo of the decline in 2011-2012). Support lies at $1.3711 (February high) and $1.3650 before $1.3600 and $1.3485.

BofA: EUR/USD remains bullish for $1.3835, potentially $1.4100/4200. While a correction could be meaningful, bears could gain control only if case of a fall below$1.3452/1.3411.

SEB: There are a couple of medium-term refs around $1.3800 which may hold, but if not in the longer-term there are perspective potential objectives located at $1.3950/4000 or even as high as near $1.4400. Nearest support below should form around yesterday’s mid-body point at $1.3730.

Chart. Daily EUR/USD


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