EUR/USD neutral near-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - FX Strategist at UOB Group Peter Chia sees the outlook on the pair being neutral in the short-term.

    Key Quotes

    “We are on the lookout for a higher EUR/USD due to the strong move overnight”.

    “The pair could be in the early stages of a corrective rebound which has scope to extend higher to test the late Dec’s high of 1.0990/95”.

    “This is a strong resistance and only a break above this level would indicate the start of bullish phase towards 1.1055/60 and beyond. For now, we are neutral”.
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