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EUR/USD perspective looks constructive – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The research team at UOB Group keeps the positive view of the pair in the upcoming weeks.

    Key Quotes

    “As mentioned yesterday, while short-term momentum has eased off, it is not enough to indicate that a short-term top is in place. Hence, we continue to hold a positive view for EUR”.

    “Last week’s peak near 1.1435/40 is clearly a strong resistance but even if EUR can surmount this level, the October 2015 peak of 1.1495 is a major resistance and this level would not be easy to overcome. On the downside, support is at 1.1330 followed by 1.1270”.
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