EUR/USD: 1.3480-1.3530 ideal sell zone - Westpac

FXStreet (Bali) - According to Westpac, 1.3480-1.3530 is the ideal sell zone for EUR/USD.

Key Quotes

"The EUR/USD decline may be very well advanced but it’s unlikely to be interrupted by anything more than the periodic short squeeze amid a motley mix of inter-related negatives including: 1) renewed upward pressure on peripheral spreads; 2) fresh doubts about growth following weaker German IFO and factory orders; and c) the highly combustible geopolitical situation in eastern Ukraine. 1.3480-1.3530 is the ideal sell zone for EUR/USD.