Look for EUR/USD to still fall towards 1.1865 and probably extend weakness to next cluster support at 1.1759.
...and the experts say...
(www.mizuho-cb.co.uk) Looking for direction as we continue to hover around 1.2000. While
below 1.2270 allow for repeated cautious downside probes. Expect more
sharp(ish) intra-day moves around current levels today, with some small
short-covering starting at 1.2125. The Euro is fractionally oversold
and momentum has just turned bullish.
(more)
(action forex) Break above 1.2000 will shift our favor to the case that consolidation
from 1.1899 hasn't finished and short term bias will be turned upside
for retesting of 1.2201 resistance and 50% retracement of 1.2587 to
1.1899 at 1.2243 if confirmed by breaking of 1.2076 and the short term
falling trend line. (more)
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The EUR/USD is in a state of flux right now and we recommend a wait-and-see approach...
...and the experts say...
(saxobank) no convincing follow through on yesterday's EUR/USD reversal, and fixed
income yields are up today. This doesn't really favor the USD bearish
view in the short term. But if European rate rises continue to match
their US counterparts, we could remain in a choppy range for some time
and we could still test some higher levels above 1.2000 short term.
(more)
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We look for the Euro to continue strengthening throughout the
week. Momentum looks set to turn bullish on a sustained break
above 1.2100
and should set off a dramatic short squeeze back up to 1.2200/1.2250.
...and the experts say...
(i-knowindices.com) EURO will be moderate initially around 1.2074 level due to less USD
demand, towards mid-week it is expected to become weak to the level of
1.2023 and by week end is expected to become firm to the level 1.2367.
Wide-range swings are expected with high intra-day volatility Good time
to do strategic swing trades. Buy during correction and cover during
rise.
(more)
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