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#1 09-07-2018 08:06:12

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: short-term euro rally prospects have improved (UOB)

EUR/USD: short-term euro rally prospects have improved (UOB)

     

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UOB believes that the EUR/USD has improved its bullish tone.

"The rapid rise of the EUR/USD and the breakout at 1.1750 was not anticipated (1.1767 was the high).

While the bullish momentum has improved considerably, the EUR/USD does not seem ready to test the major resistance level at 1.1790 at the moment (minor resistance is at 1.1770).

Support is at 1.1720, but a stronger threshold is closer to 1.1695.
"


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

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