Forex Flash: Buy or sell EUR/USD?

Forex Flash: Buy or sell EUR/USD?

<!--TITOL:

Forex Flash: Buy or sell EUR/USD? - Commerzbank, Danske Bank and UBS

FITITOL--> FXstreet.com (Barcelona) - The three banks disagree once again on how to trade EUR/USD. The Copenhagen based bank, Danske Bank, says in its daily technical report to “buy at 1.3205 for 1.3289 objective, stop 1.3155.", while Commerzbank suggests to “short 1.3227, lower the stop from 1.3315 to 1.3305. Cover 1.3000 ” UBS's Geoffrey Yu believes the pair will be at 1.30 for the next month and at 1.25 in the next 3 months.

Today will be released the core personal consumption expenditure price index and personal income figures in the US. It is expected that the results will show a gradually ameliorating economic recovery. On the other hand, the EMU's M3 money supply grew more than expected, reaching YoY growth of 3.2%. Retail sales in the EMU's biggest economy, Germany, have grown MoM and YoY by 0.8% and 2.3%, respectively. At the same time, SP downgraded 16 Spanish banks, which could push a sell off on the euro.

The pair is currently trading at 1.3241, rising 0.04%.