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#1 05-09-2018 09:58:48

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro should remain heavy on the forex in the short term

EUR/USD: the euro should remain heavy on the forex in the very short term (UOB)

     

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


UOB continues to believe that the EUR/USD could fall back into its range.

"No change of view compared to Tuesday's analysis.

The EUR/USD rebounded slightly after hitting a low at 1.1582 on Tuesday.

We continue to regard last week's peak at 1.1733 as a short-term top and believe this level should remain intact this week.

The rapid decline since Friday could spread, but at this point we consider any decline as part of a consolidation range and not the beginning of a sustained decline.
"


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

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