1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

EUR/USD keeps the bearish outlook – UOB

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Analysts at UOB Group keep their bearish stance on the pair for the next 1-3 weeks.

    Key Quotes

    “There is no change to our bearish view but as highlighted previously, downward momentum is not very strong and the downside potential is likely limited to 1.1145”.

    “Stop-loss remains unchanged at 1.1395 but 1.1350 is already a strong short-term resistance”.

    “Looking further ahead, this pair has to move below the strong 1.1230 support within the next few days as a prolonged consolidation above this level would lead to a rapid loss of momentum”.
    For more information, read our latest forex news.
     

Share This Page