Forex Flash: EUR/USD remains bullish above 1.2660/20 – Societe Generale

FXstreet.com (Barcelona) - The single currency is parked around 1.2815/20 on Friday, as trade remains flat-lined on Good Friday. As expected, there were no market-movers with enough ability to weight on the cross – if any at all - with market participants already shifting their focus on next week’s ECB meeting.

“Our technical analyst sees that only a weekly close for EUR/USD below 1.2660/20 would negate the bullish pattern arising from the June 2012 to January 2013 rally. Our quant USD positioning indicator remains firmly in long-USD mode”, explained the research team at Societe Generale.