FXstreet.com (London) - Saeed Amen, strategist at Nomura gives his technical analyses for EUR/USD.

He said the technicals are bearish for this week and trending – He noted spot is lower. He keeps his bearish view. “Spot has broken through the 1.3000 level. The RSI continues to fall, suggesting further downside is likely. Also spot has tested the lower Bollinger band. With bandwidth expanding, it suggests it is in a downward breakout. Our target is 1.2800.”