21 Jul 2014
EUR weakness to continue amid geopolitical tensions - eFXnews
FXStreet (Łódź) - eFXnews comment on the EUR/USD outlook provided by the technical strategy team at Barclays Capital, suggesting that current geopolitical tensions have not derailed the trend for EUR weakness.
Key quotes
"We expect support at the year to date lows near 1.3475/1.3500 to remain under pressure; a break below this zone would likely warn of a setback to 1.3325 (100-week average and weekly cloud base)."
"Near term, bearish pressure remains while below 1.3575."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"We expect support at the year to date lows near 1.3475/1.3500 to remain under pressure; a break below this zone would likely warn of a setback to 1.3325 (100-week average and weekly cloud base)."
"Near term, bearish pressure remains while below 1.3575."
'This content has been provided under specific arrangement with eFXnews.'