30 Oct 2013
Flash: EUR mixed against majors – UBS
FXstreet.com (Edinburgh) -Analysts at the Swiss lender UBS keep mixed outlooks for the single currency vs. its main competitors.
Key quotes
Regarding the EUR/CHF, the stance remains neutral, arguing “resistance is at 1.2376 ahead of 1.2415. Support is at 1.2338 ahead of 1.2277”.
In the case of the EUR/JPY, experts keep a bullish perspective, suggesting, “Resistance is at 135.51, a break above which would open the critical 137.26. Support is at 133.89 ahead of 132.65”.
A neutral bias persists in the EUR/GBP, with “the next major resistance focus is at 0.8603. A close above this will be positive, as the MACD is already above its zero line, this is a bullish condition. Support is at 0.8505”.
Key quotes
Regarding the EUR/CHF, the stance remains neutral, arguing “resistance is at 1.2376 ahead of 1.2415. Support is at 1.2338 ahead of 1.2277”.
In the case of the EUR/JPY, experts keep a bullish perspective, suggesting, “Resistance is at 135.51, a break above which would open the critical 137.26. Support is at 133.89 ahead of 132.65”.
A neutral bias persists in the EUR/GBP, with “the next major resistance focus is at 0.8603. A close above this will be positive, as the MACD is already above its zero line, this is a bullish condition. Support is at 0.8505”.