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Forex Flash: EUR/USD looks technically bullish - Nomura

Nomura Strategist Saeed Amen has taken a look at EUR/USD from a purely technical perspective and believe it looks bullish ahead.

Looking at a daily chart, Amen note that spot is down on the week but he is sticking with his bullish view. He sees that bandwidth is in a plateau, hinting that the downward breakout is exhausting. As such he feels that instead we are more likely to see range bound price action. He writes, “RSI is also at levels which suggest that we are reaching a low. Hence, a retracement higher looks likely. Our target is 1.3150.”

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Forex Flash: Non Farm payrolls again highlights improving US conditions - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that the non-farm payroll report on Friday has again highlighted the better economic conditions in the US.
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