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Forex pairs in this Article » EUR/USD (Córdoba) - The UBS analyst team notes that the EUR/USD is behaving in a very unusual manner these days.

Key quotes

EUR/USD is rising in an environment where stocks and some emerging market currencies look weak. This is a very unusual constellation, which is normally not persistent over a longer period”.

“Nevertheless, markets are clearing positions and some of that stream seems to hurt the long USD positions that have been built up earlier this year”.

“After a break of 1.3417 markets eye the next resistance of EURUSD, which is at 1.3520”.
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