EUR/USD bullish above 1.1400 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    According to the research team at UOB Group, EUR/USD needs to close above 1.14 to allow further gains.

    Key Quotes

    “We are holding on to the view that only a daily close above 1.1400 would indicate that the start of a sustained up-move towards and beyond last October’s high of 1.1495”.

    “In the meanwhile, this pair is expected to remain underpinned with support at 1.1330 but only a break back below 1.1270 would indicate that a short-term top is in place”.
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