7 Jun 2013
Flash: EUR crosses look neutral ahead - UBS
FXstreet.com (Barcelona) - UBS Strategists Geoffrey Yu and gareth Berry have taken a look at today´s EUR crosses and see a neutral consensus outlook ahead.
Starting with EUR/CHF, they note that support is at 1.2267, and a break below this would expose 1.2196. They see resistance at 1.2387 ahead of 1.2416. Moving to EUR/GBP, they note that the latest weakness is approaching support at 0.8475, and a break below this would open 0.8421 and then 0.8398. They see resistance is at 0.8538 ahead of 0.8607. Finally, for EUR/JPY, they write, “With the MACD threatening to settle below its zero line, the focus is on support at 126.46. A breach of which would expose 124.72. Resistance is at 131.41 ahead of 133.80.”
Starting with EUR/CHF, they note that support is at 1.2267, and a break below this would expose 1.2196. They see resistance at 1.2387 ahead of 1.2416. Moving to EUR/GBP, they note that the latest weakness is approaching support at 0.8475, and a break below this would open 0.8421 and then 0.8398. They see resistance is at 0.8538 ahead of 0.8607. Finally, for EUR/JPY, they write, “With the MACD threatening to settle below its zero line, the focus is on support at 126.46. A breach of which would expose 124.72. Resistance is at 131.41 ahead of 133.80.”