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EUR/USD upside limited? – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The research team at UOB Group sees gains in EUR/USD to be limited in the near term.

    Key Quotes

    “The overnight high has been 1.1242 which was just below the 1.1245 target that was first indicated last Friday”.

    “As mentioned several time in recent updates, the upside potential is limited and those who are long should look to take partial profit at 1.1245”.

    “The next resistance is at 1.1300. Stop-loss is adjusted higher to 1.1050 from 1.1000”.
    For more information, read our latest forex news.
     

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