2 Feb 2015
EUR/USD consolidation near completion - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group, comment that EUR/USD’s consolidation appears to be on the verge of completion and the pair might rebound to 1.1350 before heading lower towards 1.1260.
Key Quotes
"The recent bout of sideway consolidation appears to be close to completion.”
“With downward momentum ticking higher, the risk is greater on the downside for today.”
“Allow for a minor rebound to 1.1350 but 1.1390 is expected to cap for a move back down to 1.1260."
Key Quotes
"The recent bout of sideway consolidation appears to be close to completion.”
“With downward momentum ticking higher, the risk is greater on the downside for today.”
“Allow for a minor rebound to 1.1350 but 1.1390 is expected to cap for a move back down to 1.1260."