Forex Flash: EUR/USD eyes 1.2740 as key level today – RBS
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EUR/USD
FXstreet.com (Barcelona) - According to Technical Markets Strategist William Moore at RBS, "In the short-term EURUSD outlook to identify good levels to get short, the stand outs on the retracement levels from the initial October sell off are located at 1.2787 and 1.2824 and the downside levels are at 1.2728 and 1.269."
"From a more medium-term view the close of the week is important and the pivotal level for the close is either side of 1.2740; our bias is a close beneath and for the market to continue to make its way downward as we open next week - however, confirmation closes are always helpful." Moore adds.
"From a more medium-term view the close of the week is important and the pivotal level for the close is either side of 1.2740; our bias is a close beneath and for the market to continue to make its way downward as we open next week - however, confirmation closes are always helpful." Moore adds.
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