Forex Flash: EUR/USD reaching a low - Nomura

EUR/USD printed a fresh 2013 low on Friday at 1.2955 following best US NFP in last 12 months, but that does not change Nomura's view: “We retain a bullish view,” the bank notes, expanding: “Bandwidth is in a plateau, indicating that the downward breakout is exhausting, and we are instead likely to see range bound price action. RSI is also at levels which suggest that we are reaching a low,” they suggests.

“Hence, a retracement higher looks likely. Our target is 1.3150,” the analysts conclude.