8 Nov 2013
Flash: EUR/USD test of 1.3000 more likely now - UBS
FXstreet.com (Córdoba) - The reaction of EURUSD to the ECB rate cut was strong initially, but disappointing 20 hours later as EUR/USD rose back up, according to the UBS analyst team, who commented that investors seem more cautious now to enter long USD positions.
Key Quotes
"The release of payrolls has pulled EUR/USD down again, but only with quite some delay".
"It seems that investors are more cautious now to enter long USD positions, as many were disappointed earlier this year with such a position".
"Nevertheless, a test of the support around 1.30 is becoming more likely now".
Key Quotes
"The release of payrolls has pulled EUR/USD down again, but only with quite some delay".
"It seems that investors are more cautious now to enter long USD positions, as many were disappointed earlier this year with such a position".
"Nevertheless, a test of the support around 1.30 is becoming more likely now".