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#1 13-11-2017 13:37:04

johnedward
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From: Paris - France
Registered: 21-12-2009
Posts: 1941
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EUR/USD: euro could offer opportunities of selliing on rebounds (UBS)

EUR/USD: the euro could offer opportunities of selliing on rebounds (UBS)

     

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


UBS thinks that the EUR/USD can still rise and offers rebound selling opportunities.

"The EUR/USD is holding up well with rising European rates and uncertainty over US tax reform.

On the upside, 1.1670/75 was a high on Friday and during the night, and 1.1691, the post-NFP peak could offer selling opportunities with stops above the threshold of the post-BCE key break at 1.1740.

On the downside, 1.1620 is a first support level, ahead of 1.1580."


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

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