Forex Flash: Long EUR/USD targeting 1.3172 - NAB (Barcelona) - The NAB team has published its latest FX research note in which shows long EUR/USD on the Monday morning pullback at 1.2900. "Our target is a fresh high above 1.3172, being mindful of the 200 day moving average at 1.2825 and the recent intra-day low of 1.2804, our stop is 1.2775" NAB notes.

From NAB: "With this in mind, we remain of the view FX majors are seeking new range highs and lows. We're encouraged by EUR/USD's ability to hold the low 1.28s, with the other side likely to be above the 1.3172 recent high. This though will likely take some time to pan out and we‟ll witness more intra-range swings meantime."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.