EUR/USD: come on 1.1330 if you think you are bullish enough? - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at UOB group explained that EUR/USD looks technically neutral.

    Key Quotes:

    "Expect further choppy trading, likely between 1.1115 and 1.1330. As indicated yesterday, despite improvement in momentum, only a clear break above 1.1330 would indicate the start of a bullish phase."

    "The sharp drop form the high of 1.1289 yesterday suggests that the current neutral consolidation phase is still intact. In other words, further choppy is still expected, likely within the key levels of 1.1115 and 1.1330."
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