12 May 2014
The correction of the euro continues - UBS
FXStreet (Córdoba) - The UBS analyst team expects the EUR/USD to fall further this week following Draghi’s easing signals, with next important supports at 1.3680 and 1.3450.
Key Quotes
“The EUR and the CHF continued to weaken against the USD and GBP, still impressed by the ECB press conference. The new trend in the euro also capped the upside in GBPUSD”.
“Other ECB members confirmed on Friday that Draghi reflected the common view of the Governing Council, when making a pre-commitment to consider easing in June, dependent on the staff projections”.
“We expect the euro to soften further in the coming week. The next important supports for EUR/USD are at 1.3680 and 1.3450”.
Key Quotes
“The EUR and the CHF continued to weaken against the USD and GBP, still impressed by the ECB press conference. The new trend in the euro also capped the upside in GBPUSD”.
“Other ECB members confirmed on Friday that Draghi reflected the common view of the Governing Council, when making a pre-commitment to consider easing in June, dependent on the staff projections”.
“We expect the euro to soften further in the coming week. The next important supports for EUR/USD are at 1.3680 and 1.3450”.