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Forex pairs in this Article » EUR/USD
FXStreet (Guatemala) - Tim Riddell, Head of Global Markets Research, Asia at ANZ rounded up the week with the EUR/USD threatening the possibility of risk to the upside and onto the 1.40 handle.

Key Quotes:

"A positive turn in daily momentum should allow for a retest of the 1.3730-60 area. However, overall patterns lack genuine dynamism and still suggest that range trading is the most likely profile."

"As noted in the previous slide, the risk of another push higher towards the 1.40 area should not be ignored, but price action needs to gain upside traction to push aside the bias towards more consolidation."

"Any slide back below 1.3560 would rekindle (the favoured) counter profile of a series of grinding declines towards the 1.3180-1.3200 area (twin retracement levels)."
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