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#1 10-09-2018 08:26:38

Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2532

EUR/USD: the euro seems able to accentuate short-term decline (UOB)

EUR/USD: the euro seems able to accentuate its decline on the forex in the very short term (UOB)

UOB believes that the EUR/USD can decline some more on the forex today.

"The EUR/USD fell on solid US employment data and ended the week on a weak note (closing at 1.1555).

The rapid decline seems to have enough momentum to retreat below last week's lows at 1.1527, but at this point, a clear breakout of the 1.1500 level seems unlikely.

A resistance level is at 1.1585 but only a breakout of 1.1610 would indicate that bearish pressures have eased.

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



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