Forex Flash: Long EUR/USD targeting 1.3172 - NAB

FXstreet.com (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."

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