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#1 02-08-2018 09:03:44

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro is losing a bit more of its strength (UOB)

EUR/USD: the euro is losing a bit more of its strength (UOB)

     

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


UOB notes that the tone of the EUR/USD is becoming increasingly bearish.

"The EUR/USD fell to a low of 1.1654 on Wednesday before ending that day on a low note.

The underlying tone has weakened and the bias remains to the downside.

That being said, a clear break of support at 1.1620 seems unlikely at the moment.

A resistance level is at 1.1685 but a stronger threshold is at 1.1710.
"


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

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