Filed Under:
Forex pairs in this Article » EUR/USD (Edinburgh) -The EUR/USD is flat-lining just above the mid 1.35s on Tuesday, extending the directionless pattern alongside the uncertainties stemming from the US negotiations regarding the debt ceiling and the ongoing shutdown.

According to Axel Rudolph, Senior Technical Analyst at Commerzbank, argued “For now unexpected failure at 1.3486 would put the August high at 1.3453 back on the cards. This should act as the break down point to the three month channel support line at 1.3316”.

In addition, Analyst Christin Tuxen at the Nordic Danske Bank commented, “In the near term, we still see potential for EUR/USD overshooting driven by markets pushing Fed expectations out in time, ECB inaction and peripheral spread compression continuing”.
comments powered by Disqus