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#1 28-11-2018 10:18:43

johnedward
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From: Paris - France
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EUR/USD: can the euro return to its yearly low? (UOB)

EUR/USD: can the euro return to its yearly low? (UOB)

     

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


UOB notes that the EUR/USD's immediate bias remains pointed to the downside.

"The EUR/USD fell to a low at 1.1275 before ending Tuesday's US session at 1.1288, on a low note (-0.33%).

We don't see a significant improvement in bearish momentum. However, immediate pressures remain downward, and the EUR/USD could continue to fall over the next few days.

That being said, we still think that 1.1213 is likely out of reach.

On the upside, only a move above 1.1370 would indicate that bearish pressures have eased.
"


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

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