EUR/USD: new high rejected – FXMarketAlerts

FXStreet (Barcelona) - With the new high at 1.1290 being rejected, the focus for EUR/USD shifts to 1.1185/00, notes the team at FXMarketAlerts.

Key Quotes

“Recent new high has been rejected from 1.1290 and prices have slumped to just below the sup. at 1.1230. Next focus is 1.1185/00. Res. is at 1.1260/70.”

“R3: 1.1300 figure

R2: 1.1290 today high

R1: 1.1260/70 intraday level

S1: 1.1185/00 intraday level

S2: 1.1150 intraday level

S3: 1.1115 intraday level”

EUR rise unsustainable – BTMU

The Research Team at Bank of Tokyo-Mitsubishi UFJ, remain of the view that the current rise in eurozone yields and the EUR is unsustainable.
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