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14 May 2015
Barclays: EUR/USD risks a move towards 1.1585 – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at Barclays, sees risk building up for EUR/USD for a move higher towards the 1.1535/1.1585 resistance area, as noted by eFXnews.
Key Quotes
“We were wrong to expect resistance in the 1.1400 area to cap upticks. Underperformance of German bonds is helping to provide a further squeeze on EUR shorts. We see risk for a move higher towards the 1.1535/1.1585 area before sellers emerge.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“We were wrong to expect resistance in the 1.1400 area to cap upticks. Underperformance of German bonds is helping to provide a further squeeze on EUR shorts. We see risk for a move higher towards the 1.1535/1.1585 area before sellers emerge.”
This content has been provided under specific arrangement with eFXnews.