EUR/USD: Sell the rallies to 1.1310 – Barclays

The Barclays Research Team offers the technical outlook on the EUR/USD pair that points towards a bearish bias.

Key Quotes:

“Short EUR/USD at 1.1310, pointing to downside risks for the Eurozone.

The move is targeted to 1.0889, citing 76.4% Fibonacci retracement of the 2016-2018 move.

A closing-basis stop loss placed at 1.1449, the bank citing 50% Fibonacci retracement.”