The technical strategy teams at Nomura, Barclays Capital, and SocGen provide their views on EUR/USD technical setting at current levels. Nomura: a-b-c correction complete. Extension target is 1.1098 "The rally from 1.1105 (9/22) looks like a complete a-b-c correction. The move lower from Friday is the early stages of a new decline. Expecting a break of 1.12 to be followed by a break of the channel too. Extension target is 1.1098. From an Elliott perspective, the decline from 1.1289 fits as wave-3 so a sharp move lower would be ideal," Nomura projects. Barclays: We are bearish and would fade upticks in range against ... (full story)