Forex Flash: EUR/USD bullish for the week ahead – Nomura
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EUR/USD
FXstreet.com (Barcelona) - Nomura Strategist Saeed Amen has taken a look at EURUSD from a purely technical perspective.
Looking at a daily chart, Amen notes that spot is higher on the week and as such he maintains his bullish view. Firstly he points out that spot has begun to test the upper Bollinger band. RSI (14) has continued to rise, indicating upward momentum in the short term whilst Bollinger bandwidth has also begun to pick up, suggesting that it is at the beginning of an upward breakout. He sets his weekly target at 1.3150, close to the September high.
Looking at a daily chart, Amen notes that spot is higher on the week and as such he maintains his bullish view. Firstly he points out that spot has begun to test the upper Bollinger band. RSI (14) has continued to rise, indicating upward momentum in the short term whilst Bollinger bandwidth has also begun to pick up, suggesting that it is at the beginning of an upward breakout. He sets his weekly target at 1.3150, close to the September high.
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