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17 Mar 2014
Flash: EUR/USD to 1.4025? - UOB Group
FXStreet (Barcelona) -Quek Ser Leang, Market Strategist at UOB Group feels that a break above the strong EUR/USD resistant at 1.3965/70 could still lead to further EUR strength towards 1.4025/30.
Key Quotes
“Despite waning upward momentum and overbought conditions, there is no confirmation of a top just yet.”
“As long as the key support at 1.3770 is intact, a break above the strong resistant at 1.3965/70 could still lead to further EUR strength this week towards 1.4025/30. 1.3825 is a strong support ahead of 1.3770.”
“Supports: 1.3825, 1.3770. Resistants: 1.3970, 1.4025.”
Key Quotes
“Despite waning upward momentum and overbought conditions, there is no confirmation of a top just yet.”
“As long as the key support at 1.3770 is intact, a break above the strong resistant at 1.3965/70 could still lead to further EUR strength this week towards 1.4025/30. 1.3825 is a strong support ahead of 1.3770.”
“Supports: 1.3825, 1.3770. Resistants: 1.3970, 1.4025.”