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16 May 2014
EUR/USD mid-term risk is bearish - UOB Group
FXStreet (Guatemala) - The Market Strategy Team at UOB Group noted the recent price action around EUR/USD and overall expect further downside in the pair.
Key Quotes
"Our target at 1.3670 was met yesterday with a low of 1.3648. The mid-term risk is still on the downside but shorter-term indicators are oversold and could lead to a couple of days of consolidation first."
"The next support below 1.3648 is at 1.3610. The key resistant is still at 1.3810 for now."
Key Quotes
"Our target at 1.3670 was met yesterday with a low of 1.3648. The mid-term risk is still on the downside but shorter-term indicators are oversold and could lead to a couple of days of consolidation first."
"The next support below 1.3648 is at 1.3610. The key resistant is still at 1.3810 for now."