Back
27 Mar 2014
EUR/USD break lower can extend to 1.3640
FXStreet (Edinburgh) - Currency Analyst Valeria Bednarik at FXStreet sees the recent ‘verbal intervention’ in the EUR-space as a strategy to put further distance between spot and the key 1.4000 barrier.
Key Quotes
“European markets are trading lower amid comments from European Central Bank officials that revived speculation about further monetary easing to deal with the potential deflation the area suffers”.
“Moreover, the COT report from last week shows an excessive amount of longs in the pair, and profit taking, ahead of the month end is also in the table”.
Key Quotes
“European markets are trading lower amid comments from European Central Bank officials that revived speculation about further monetary easing to deal with the potential deflation the area suffers”.
“Moreover, the COT report from last week shows an excessive amount of longs in the pair, and profit taking, ahead of the month end is also in the table”.