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14 Jan 2015
EUR might make a quick move towards 1.1640 – UOB
FXStreet (Barcelona) - Analysts at UOB Group, see downside pressure building up on the EUR/USD pair and expect it might make a quick move towards the support at 1.1640 levels.
Key Quotes
“EUR retested the recent low near 1.1750/55 but the lack of any significant recovery suggests that the immediate pressure is still on the downside and a clear break below 1.1750/55 could lead to a quick drop towards the major support at 1.1640 (low in 2005). Trailing-stop has edged lower to 1.1860.”
Key Quotes
“EUR retested the recent low near 1.1750/55 but the lack of any significant recovery suggests that the immediate pressure is still on the downside and a clear break below 1.1750/55 could lead to a quick drop towards the major support at 1.1640 (low in 2005). Trailing-stop has edged lower to 1.1860.”