15 Apr 2014
EUR/USD looking heavy below 1.3820 – FXStreet
FXStreet (Edinburgh) - According to Valeria Bednarik, Currency Analyst at FXStreet, the bearish tone around the EUR seems to prevail, at least in the near term.
Key Quotes
“But data seems to have little to do with the EUR these days, still weighted by sentiment after every possible ECB officer defended QE since last Saturday: market players are pricing in some action for upcoming May meeting and if the Central Bank fails to deliver, the EUR will likely soar”.
“In the same chart, price has found intraday support around its 200 EMA currently around mentioned 1.3790, while a strong Fibonacci support stands at 1.3780”.
Key Quotes
“But data seems to have little to do with the EUR these days, still weighted by sentiment after every possible ECB officer defended QE since last Saturday: market players are pricing in some action for upcoming May meeting and if the Central Bank fails to deliver, the EUR will likely soar”.
“In the same chart, price has found intraday support around its 200 EMA currently around mentioned 1.3790, while a strong Fibonacci support stands at 1.3780”.