EUR/USD risks a squeeze higher – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - Strategists at UOB Group still believe the pair could attempt a squeeze higher in the next weeks.

    Key Quotes

    “In line with our expectations, EUR traded mostly sideways for the whole of last week”.

    “That said, short-term upward momentum is picking up and the current consolidation will be likely resolved by a move higher in EUR”.

    “However, only a daily closing above the major 1.0990/95 resistance would indicate the start of a bullish phase”.

    “Overall, unless there is a move back below 1.0800 in the next few days, the risk is clearly greater on the upside”.
    For more information, read our latest forex news.

Share This Page

free forex signals