EUR/USD: analysts’ comments
SEB Bank points out that EUR/USD is sitting between $1.3400 and $1.3585 and we’ll be able to judge about the pair’s next move when it breaks either of these levels. If it happens, euro will head either to $1.3645 or to $1.3295.
Nomura points out that last week euro failed at the underside of 2 channels, the first being a bear flag from Nov. and the second the much larger up channel from July. Below resistance at $1.3560/80 euro will be vulnerable for decline to $1.3268. Support is at $1.3487/77 and $1.3433/19.