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28 Jul 2015
EUR/USD risks a test to 1.1400 – Westpac
FXStreet (Edinburgh) - In the view of strategists at Westpac, EUR/USD could re-visit the area of 1.1400 in the near term.
Key Quotes
“EUR/USD has held up surprisingly well and the 1.08 level has remained supportive”.
“The USD leg however should put pressure on EUR/USD while there is little in the European calendar to interest markets”.
“Hold of major support last week at 1.0800/20 and subsequent close above 1.0950/1.1050 sets up a likely test of 1.12+ with risk to 1.14+”.
Key Quotes
“EUR/USD has held up surprisingly well and the 1.08 level has remained supportive”.
“The USD leg however should put pressure on EUR/USD while there is little in the European calendar to interest markets”.
“Hold of major support last week at 1.0800/20 and subsequent close above 1.0950/1.1050 sets up a likely test of 1.12+ with risk to 1.14+”.