5 Mar 2015
EUR/USD now eyeing 1.1000 – UOB
FXStreet (Barcelona) - Analysts at UOB Group, believe that the clear focus for EUR/USD now lies at the psychological support at 1.1000, as below 1.1200 maintains the downward momentum.
Key Quotes
“Now that the 1.1095 target is met, the focus has shifted to the psychological level of 1.1000.”
“Technically, the next support below this level is more than 200 pips away at 1.0740.”
“In order to maintain the current downward momentum, we do not expect any short-term recovery to move back above 1.1200.”
Key Quotes
“Now that the 1.1095 target is met, the focus has shifted to the psychological level of 1.1000.”
“Technically, the next support below this level is more than 200 pips away at 1.0740.”
“In order to maintain the current downward momentum, we do not expect any short-term recovery to move back above 1.1200.”