-
EUR/USD: Picture Remains Blurry: Levels & Targets - JP Morgan
Looking across the board it remains difficult to make any conclusion which would survive the next week, as markets themselves are inconclusive in their trading action, says JP Morgan. "The absolute lack of any decisive break is just one of the symptoms, which illustrates the general stage of confusion. That said, it remains a day to day business until we receive stronger hints that a sustainable trend has been established," JPM notes. The role model in this context, according to JPM, is once more EUR/USD, which defended key-support at 1.1031 (minor 76.4 %) yesterday just to keep us in no man’s land between ... (full story)