EUR/USD has not topped yet – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The research team at UOB Group sees the pair could attempt a visit to the vicinity of the 1.1500 handle.

    Key Quotes

    “The up-move in EUR has been more impulsive than expected as we approach the 1.1375 high seen last month”.

    “Above this level would open up the way for a move to the Oct 2015 high of 1.1495. In other words, no sign of top just yet and the risk is still clearly on the upside. Stop-loss is adjusted higher to 1.1200 from 1.1050”.
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