Barclays: EUR/USD needs a move below 1.1150 to go bearish – eFXnews

FXStreet (Barcelona) - The Technical Strategy Team at Barclays, sees bearish potential for EUR/USD resuming on a break below 1.1150, as noted by eFXnews.

Key Quotes

“Thursday’s “shooting star” candle endorses our expectation of selling interest near the 1.1470 range highs. We look for a move below our initial targets near 1.1150 to confirm downside traction towards 1.0815 and then lower towards the 1.0460 year-to-date lows.”