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Forex pairs in this Article » EUR/USD (New York) - The EUR/USD technical pair has been unable to move off the key 1.3000 barrier during Asian trading, despite earlier concerns surfacing across peripheral Europe.

EUR/USD static trading

In these moments, the EUR/USD is trading positively at +0.01%, navigating the region of 1.3008. The Danske Research team calculates short-term resistive measures at 1.3072, onto the 1.3083 level. Ultimately, the investors will be quite skittish ahead of the ECB interest rate decision later today at 11:45 GMT.

EUR/USD slide to 1.2700 expected in Q3

According to the BNZ Research Team, “the Portuguese situation may deteriorate before it gets better and fresh elections cannot be ruled out. Should ECB President Draghi maintain a dovish tack tonight (talking up non-conventional policies), the stage may be set for the EUR to head lower and more fully reflect the recent tick-up in peripheral yields. We continue to hold a negative EUR bias, expecting a slide to 1.2700 in Q3.”
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