EUR weakness to continue amid geopolitical tensions - eFXnews

By FXstreet.com | Updated July 30, 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."



'This content has been provided under specific arrangement with eFXnews.'



You May Also Like

Related Forex Analysis
  1. Forex News

    EUR/USD erases daily losses

  2. Forex News

    EUR is weak, flirting with its multi-year lows – Scotiabank

  3. Forex News

    Dollar firm as correction ends – BBH

  4. Forex News

    EUR/USD looks vulnerable, may shift lower – TDS

  5. Forex News

    Morgan Stanley: Where to target EUR/USD in 2015? – eFXnews

Trading Center