24 Jul 2015
1.1035 to confirm short term lows - UOB
FXStreet (Barcelona) - Analysts at UOB Group explained their technical outlook for EUR/USD.
Key Quotes:
"The rebound from the 1.0805/10 low earlier this week has been more resilient than expected."
"While we continue to hold a bearish view for now, EUR has to break below 1.0870/75 by end of today or latest end of Monday or the current bearish outlook will be nullified. A break above 1.1035 would similarly suggest that a short-term low is in place."
Key Quotes:
"The rebound from the 1.0805/10 low earlier this week has been more resilient than expected."
"While we continue to hold a bearish view for now, EUR has to break below 1.0870/75 by end of today or latest end of Monday or the current bearish outlook will be nullified. A break above 1.1035 would similarly suggest that a short-term low is in place."