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12 Sep 2013
Flash: EUR/USD uptrend capped at 1.3340 region – UBS
FXstreet.com (Lisbon) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses.
Key quotes
“EUR/USD resistance is at 1.3343, a break above which would extend the recent strength to 1.3452. Support is at 1.3230 ahead of 1.3103, suggesting a neutral outlook.”
In terms of the EUR/CHF, “Resistance is at 1.2434 ahead of 1.2475. Support is at 1.2326 ahead of 1.2268.”
Moving to the EUR/GBP, “Having tested the strong support at 0.8397, the immediate risk appears for a short-term recovery to unwind the sharp sell off, suggesting a bearish outlook.”
Key quotes
“EUR/USD resistance is at 1.3343, a break above which would extend the recent strength to 1.3452. Support is at 1.3230 ahead of 1.3103, suggesting a neutral outlook.”
In terms of the EUR/CHF, “Resistance is at 1.2434 ahead of 1.2475. Support is at 1.2326 ahead of 1.2268.”
Moving to the EUR/GBP, “Having tested the strong support at 0.8397, the immediate risk appears for a short-term recovery to unwind the sharp sell off, suggesting a bearish outlook.”