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