EUR weakness to continue amid geopolitical tensions - eFXnews

By FXstreet.com | July 21, 2014 AAA

FXStreet (Łódź) - eFXnews comment on the EUR/USD outlook provided by the technical strategy team at Barclays Capital, suggesting that current geopolitical tensions have not derailed the trend for EUR weakness.

Key quotes

"We expect support at the year to date lows near 1.3475/1.3500 to remain under pressure; a break below this zone would likely warn of a setback to 1.3325 (100-week average and weekly cloud base)."



"Near term, bearish pressure remains while below 1.3575."



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