Forex Flash: EUR/USD turned bearish; target at 1.2790 - Nomura
Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - According to Nomura FX team, EURUSD has turned bearish for the present week; "we reverse our view to bearish. The RSI has declined rapidly indicating downward momentum, with bandwidth also turned lower indicating more range-bound price action ahead and the failure of the upward breakout. Our target is 1.2790 (200D SMA)..." Nomura says.