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#1 09-11-2017 15:01:18

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 1941
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EUR/USD: the pair remains calm but we prefer to sell (UBS)

EUR/USD: the pair remains calm but we prefer to sell at this point in time (UBS)

     

http://www.forex-central.net/forum/userimages/ubs.png


UBS still prefers to sell the EUR/USD in the very short term.

"The EUR/USD has gone from shaky within a narrow range to just being in a narrow range. There has been very little interest in the pair during the last 48 hours, with a rebound from Monday's lows, but 1.1610/20 remains solid for the moment.

With this current price action, we continue to favour the sale of the pair with a stop above 1.1645, with a return towards the recent lows near 1.1550/60 as the target."


"Anything worth having is worth going for - all the way." - J.R. Ewing

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