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#1 30-08-2017 08:08:36
- johnedward
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EUR/USD: can the euro pursue its rise above 1.20 in the short term?
EUR/USD: the rebound of the pound offers a new selling opportunity (UOB)
UOB expects the EUR/USD to consolidate on the forex today.
"The EUR/USD surprised on the upside by breaking easily above the resistance level at 1.2000. However, the rapid rise to a high at 1.2069 was short lived.
The rapid decline from the summit seems to be running out of steam, and while a movement under 1.1944 cannot be ruled out, any decline is considered part of a consolidation phase.
In other words, the EUR/USD should consolidate at this time, probably between 1.1925 and 1.2010."
"Anything worth having is worth going for - all the way." - J.R. Ewing
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Pages: 1
- Index
- » Analyses / Forecasts (by major banks and brokers)
- » EUR/USD: can the euro pursue its rise above 1.20 in the short term?