EUR/USD: A sustained advance needs to clear 1.0930 – UOB – by pabspiovano EURUSD Currencies Majors Banks
surpasses the 1.0930 level, suggest UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.24-hour view: “We expected EUR to decline further but we were of the view that ‘the major support at 1.0755 is unlikely to come under threat’. EUR dropped to 1.0786 in Asian trade and then snapped back up and soared to a high of 1.0916. The rapid advance has scope to rise above the major resistance at 1.0930.
Next 1-3 weeks: “Our view from yesterday wherein ‘the corrective pullback could extend to 1.0755’ was proven incorrect quickly as EUR snapped higher and took out our ‘strong resistance’ level of 1.0890. Despite the rapid rise, it is too early to tell if the recent EUR strength has resumed. EUR has to break and stay above 1.0930 before a sustained advance is likely. The likelihood of a clear break above 1.0930 will remain intact as long as EUR stays above 1.0800 in the next few days.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EUR/USD: Decline could extend to 1.0755 – UOBIn the opinion of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, further losses could drag EUR/USD back to the mid-1.0700s in
Leer más »
AUD/USD: Further range bound likely near term – UOBAUD/USD is now expected to trade between 0.6625 and 0.6735 in the next few weeks, suggest Markets Strategist Quek Ser Leang and Senior FX Strategist P
Leer más »
Pairs in Focus This Week \u2013 EUR/USD, GBP/USD, USD/JPYGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of April 2nd, 2022 here.
Leer más »
EUR/USD Price Analysis: Bears lurking below key trendline supportEUR/USD is flat in the open following a negative day on Friday as the following technical analysis will illustrate. The bears are in the market and st
Leer más »
EUR/USD sellers attack 1.0800 as risk aversion joins consolidation ahead of US PMI, NFPEUR/USD pares gains made in the last two consecutive weeks around 1.0800 as traders brace for the all-important US Nonfarm Payrolls (NFP) during early
Leer más »
EUR/USD Price Analysis: Bears appear well-set to prod 1.0730 support as NFP week beginsEUR/USD Price Analysis: Bears appear well-set to prod 1.0730 support as NFP week begins EURUSD Technical Analysis NFP TrendFollowing ChartPatterns
Leer más »