26 Mar 2014
EUR/USD to range? - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group believes that EUR/USD could range today.
Key Quotes
"EUR traded sideway yesterday which is in line with our expectation that the current movement is just a pullback from the recent high of 1.3967.”
“The ideal pullback target is at 1.3730 and only a daily close above 1.3875/80 would suggest that EUR is ready to move higher again. In the meanwhile, expect further sideway trading."
Key Quotes
"EUR traded sideway yesterday which is in line with our expectation that the current movement is just a pullback from the recent high of 1.3967.”
“The ideal pullback target is at 1.3730 and only a daily close above 1.3875/80 would suggest that EUR is ready to move higher again. In the meanwhile, expect further sideway trading."