Commerz pouring cold water and siting the 1.367 level as a number have. They expect a stall at this level and they could well be right.
Will buyers step forward for the euro at this level? Or more likely will the institutions see an opportunity to roll over the asset allocators and force them to buy here?
I personally suspect the latter but it is very possible the move stalls as recent fx markets have been choppy and already provoked many reversal in positions, as we know.
Here the report: