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12 Mar 2015
EUR/USD: 1.04-1.05 a more significant support than parity – SG
FXStreet (Barcelona) - Kit Juckes of Societe Generale, notes that 1.04-1.05 is a key support for EUR/USD, even significant than parity.
Key Quotes
“SG technical analysts suggest EUR/USD 1.04-1.05 is a more significant support than parity.”
“The ECB reviews ELA loan terms to Greek banks but is unlikely to ease them, while the US releases retail sales data that should post a bounce after a couple of disappointing months.”
“The Euro's only source of support is the extreme bearishness in the market and that hasn't been enough to stop it falling so far.”
Key Quotes
“SG technical analysts suggest EUR/USD 1.04-1.05 is a more significant support than parity.”
“The ECB reviews ELA loan terms to Greek banks but is unlikely to ease them, while the US releases retail sales data that should post a bounce after a couple of disappointing months.”
“The Euro's only source of support is the extreme bearishness in the market and that hasn't been enough to stop it falling so far.”