6 Mar 2014
Flash: EUR/USD key levels at 1.37 and 1.3750 - UOB
FXStreet (Bali) - According to the Market Strategy Team at UOB Group, EUR/USD outlook is still positive ahead of the ECB.
Key Quotes
"Quiet range trading yesterday did offer any fresh clues. The next market direction is likely to be determined by the outcome of ECB’s meeting this evening. The key levels to watch are at 1.3700 and 1.3775. Based on the current momentum outlook, it appears more likely that the support at 1.3700 will hold for a break above 1.3775 for a retest of last week’s high at 1.3825."
Key Quotes
"Quiet range trading yesterday did offer any fresh clues. The next market direction is likely to be determined by the outcome of ECB’s meeting this evening. The key levels to watch are at 1.3700 and 1.3775. Based on the current momentum outlook, it appears more likely that the support at 1.3700 will hold for a break above 1.3775 for a retest of last week’s high at 1.3825."