Flash: EUR suggest room for a retracement - RBS

FXStreet (Guatemala) - Strategist at RBS noted that the technical outlook for the EUR is not a compelling sell.

Key Quotes:

“But it may appear to have lost some upside momentum suggesting at least a pull-back with-in a broader gradual uptrend is possible”.

“In light of the rates, periphery spreads, firmer US data recently, and potential for increased crisis fall-out from the Ukraine, EUR sell-side strategies should be considered”.

“A key support is 1.3825/30, a recent low and previous high”.

“A break of which may trigger further weakness to a trend line support at around 1.3760”.