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24 Feb 2014
Flash: EUR/USD outlook positive this week - UOB Group
Market Strategists at UOB Group notes that EUR/USD outlook for this week remains positive for a move towards 1.3815/20.
Key Quotes
“The outlook for this week remains positive for a move towards 1.3815/20. However, based on the current momentum outlook, a clear break above this level appears unlikely. Only a move below the key support at 1.3635 will negate the positive outlook.”
“Support: 1.3680/ 1.3635. Resistance: 1.3775/ 1.3815/20.”
Key Quotes
“The outlook for this week remains positive for a move towards 1.3815/20. However, based on the current momentum outlook, a clear break above this level appears unlikely. Only a move below the key support at 1.3635 will negate the positive outlook.”
“Support: 1.3680/ 1.3635. Resistance: 1.3775/ 1.3815/20.”