What’s the sentiment around EUR/USD today? – Commerzbank and Danske Bank
29 January 2015, 08:57
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With the FOMC meeting already in the rear-view mirror, EUR/USD is managing to keep the trade well above the 1.1200 handle so far, looking to regain ground lost.
Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair “is more negative intraday and suggesting that 1.1423 was the end of the corrective phase. Nearby resistance is the downtrend at 1.1468. Minor support lies at 1.1225/10 ahead of 1.1098 the recent low.
Furthermore, Senior Analyst Morten Helt at Danske Bank added “the divergent monetary policy outlook between the ECB and the Fed, in our view, still supports the case for at lower EUR/USD in the coming three to six months targeting 1.10 in 6M”.
Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair “is more negative intraday and suggesting that 1.1423 was the end of the corrective phase. Nearby resistance is the downtrend at 1.1468. Minor support lies at 1.1225/10 ahead of 1.1098 the recent low.
Furthermore, Senior Analyst Morten Helt at Danske Bank added “the divergent monetary policy outlook between the ECB and the Fed, in our view, still supports the case for at lower EUR/USD in the coming three to six months targeting 1.10 in 6M”.
