5 Nov 2013
Flash: EUR/USD candlestick resistance at 1.3540? - Societe Generale
FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that there is, apparently, a Marabuzo resistance level in EUR/USD at 1.3540 today against which candlestick fans can sell.
Key Quotes
“I just thought I'd mention that because with little new info out there this morning we look like being somewhat somnolent ahead of the ECB and MPC meetings this week, and the US GDP and non-farm payroll releases.”
“Today sees UK and US services PMIs, having already given us unchanged RBA (with some A$-bashing on the side), and a small bounce in Chinese and Swedish services PMIs (latter offset by a 0.4% fall in actual services output).”
Key Quotes
“I just thought I'd mention that because with little new info out there this morning we look like being somewhat somnolent ahead of the ECB and MPC meetings this week, and the US GDP and non-farm payroll releases.”
“Today sees UK and US services PMIs, having already given us unchanged RBA (with some A$-bashing on the side), and a small bounce in Chinese and Swedish services PMIs (latter offset by a 0.4% fall in actual services output).”