JP Morgan remains firmly bullish on EUR/USD on the Forex.
«Yesterday was a difficult day for EUR/USD, but it was also very typical of the last few weeks, and at the end, the Euro Dollar is more or less unchanged compared to Friday’s close, and even compared to three on Friday in the rear. We remain in a consolidation phase since early August.
We remain firmly in the camp of the bulls. We monitor the 1.1730/40 to the downside, followed by 1.1660/70. The increase, 1.1820/30 is important in the short term, the zone of 1.1850.
An acceleration above this area is needed to bring attention to the 1.20. «