23 Aug 2013
Flash: EUR/USD in midst of correction? – UBS
FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses.
Key quotes
“The EUR/USD is under correction, having tested the important resistance at 1.3417. Support is at 1.3298 ahead of 1.3206. Resistance is at 1.3452 ahead of 1.3520, 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 1.2360 ahead of 1.2434.”
Moving to the EUR/GBP, “The cross has been consolidating over the past few sessions and any further recovery should find resistance at 0.8606. Support is at 0.8505 ahead of 0.8398.”
Key quotes
“The EUR/USD is under correction, having tested the important resistance at 1.3417. Support is at 1.3298 ahead of 1.3206. Resistance is at 1.3452 ahead of 1.3520, 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 1.2360 ahead of 1.2434.”
Moving to the EUR/GBP, “The cross has been consolidating over the past few sessions and any further recovery should find resistance at 0.8606. Support is at 0.8505 ahead of 0.8398.”