21 Aug 2013
Flash: EUR/USD trend indicators point higher – UBS
FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses.
Key quotes
“With the EUR/USD trending/momentum indicators pointing higher, there is scope for more upside. Resistance is at 1.3520 ahead of the critical 1.3711. Support is at 1.3311 ahead of 1.3206., suggesting a bullish outlook.”
In terms of the EUR/CHF, “Support is at 1.2268, a break below which would expose 1.2219. Resistance is at 1.2343 ahead of 1.2378.”
Moving to the EUR/GBP, “With the trending/momentum indicators pointing lower, there is potential for a move below support at 0.8469 and test the important support at 0.8398. Resistance is at 0.8610.”
Key quotes
“With the EUR/USD trending/momentum indicators pointing higher, there is scope for more upside. Resistance is at 1.3520 ahead of the critical 1.3711. Support is at 1.3311 ahead of 1.3206., suggesting a bullish outlook.”
In terms of the EUR/CHF, “Support is at 1.2268, a break below which would expose 1.2219. Resistance is at 1.2343 ahead of 1.2378.”
Moving to the EUR/GBP, “With the trending/momentum indicators pointing lower, there is potential for a move below support at 0.8469 and test the important support at 0.8398. Resistance is at 0.8610.”