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19 Feb 2014
Flash: EUR/USD upmove stronger than expected - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group comment that the expected EUR/USD up-move is stronger than expected as it easily took out the resistant at 1.3740.
Key Quotes
“Upward momentum is picking up strongly and this will likely lead to extension higher today.”
“As long the short-term key support at 1.3710 is intact, expect a move towards the strong mid-term resistant at 1.3815/20.”
Key Quotes
“Upward momentum is picking up strongly and this will likely lead to extension higher today.”
“As long the short-term key support at 1.3710 is intact, expect a move towards the strong mid-term resistant at 1.3815/20.”