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#1 02-07-2018 08:44:48

johnedward
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From: Paris - France
Registered: 21-12-2009
Posts: 2273
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EUR/USD: the euro may push a bit higher in the very short term (UOB)

EUR/USD: the euro may push a bit higher in the very short term (UOB)

     

http://www.forex-central.net/forum/userimages/logo-uob.gif


UOB believes that the EUR/USD is capable of extending to 1.1720 today.

"The sudden and quick rally of the EUR/USD on Friday was a surprise. The rapid rise seems stretched, but there is room for a test of last week's peak at 1.1720.

As for today, the probability of a sustained move above this level is not very high (the next resistance level is at 1.1750).

Support is at 1.1630, but only a break below 1.1600 would indicate that the current upside pressures have eased.
"


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

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