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EUR/USD constructive near-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The outlook for the pair in the next 1-3 weeks remains constructive, according to the research team at UOB Group.

    Key Quotes

    “We are sticking to view wherein only a daily closing above 1.1005/10 would shift the current neutral EUR outlook to bullish (closing was 1.1000 last Friday)”.

    “That said, the undertone for this pair is positive and the odds for a sustained up-move in the coming days are rather high especially if we continue to hold above 1.0900”.
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