EUR/USD likely to break below 1.3000 within the next days - UBS

By FXstreet.com | Updated September 03, 2014 AAA

FXStreet (Córdoba) - The UBS analyst team thinks EUR/USD likely will break below 1.3100 or even 1.3000 within the next days.



Key Quotes



“The US ISM surprised with a rise to 59 on Tuesday. The survey confirmed the general view of a stronger US economy with healthy gains in the subcomponents of new orders and production”.



“The EUR/USD rate is currently knocking on the support at 1.31 but we think it is likely that this level, or even 1.30 is broken within the next days”.



“Obviously many investors are inclined to wait for the ECB press conference on Thursday before taking larger positions”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD bounces off 1.0990

  2. Forex News

    EUR/USD: Bears attacking the psychological whole numbers - Soctiabank

  3. Forex News

    EUR/USD Prints Below 1.10; Chart Levels at 1.0915 and 1.0765

  4. Forex News

    ECB: Cards out on the table; bullish outlook - Rabobank

  5. Forex News

    EUR/USD: Penetrates the1 1.1000 level and recuperates

Trading Center