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#1 20-09-2018 09:31:32

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: risks linked to the Euro seem more bearish than bullish (UOB)

EUR/USD: risks linked to the Euro seem more bearish than bullish (UOB)

     

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


UOB believes that the EUR/USD could correct downward in the very short term.

"The EUR/USD evolved horizontally on Wednesday. While the indicators are broadly neutral, the consolidation phase seems close to an end, and after the recent failures to break above the 1.1725/35 resistance zone, the risk seems to be leaning further downward.

Unless there is a move above 1.1730 (there is minor resistance at 1.1715), a break of the solid 1.1640 support level could lead to a drop to 1.1610.

At this stage, a sustained movement below this threshold is not expected.
"


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

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