4 Nov 2014
Further EUR weakness expected - UOB Group
FXStreet (Łódź) - The Market Strategy Team at UOB Group suggest that EUR/USD should weaken further in the medium-term.
Key Quotes
"The mid-term bearish outlook is still intact and we continue to expect further EUR weakness towards the strong support at 1.2420."
"Oversold short-term indicators could lead to rebound but a move above the key resistant at 1.2640 appears unlikely for the next one week or so."
Key Quotes
"The mid-term bearish outlook is still intact and we continue to expect further EUR weakness towards the strong support at 1.2420."
"Oversold short-term indicators could lead to rebound but a move above the key resistant at 1.2640 appears unlikely for the next one week or so."