Currency strategists at Citi claim that, according to the information provided by the European monetary authorities during the recent days, it’s possible to conclude that that they just don't feel the same sense of urgency to conduct additional measures counter the debt crisis that the market does.

The specialists believe that euro’s rate will tend to decline. In their view, the single currency will retreat to $1.30 in coming weeks.

Resistance for the pair EUR/USD is found in the near term at the 100-day moving average in the $1.3423 area. As the single currency didn’t manage to break above its mid-December peak of $1.3500, it may remain trapped in range between 1.3500 and 1.2860.



H4 EUR/USD

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