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18 Mar 2016
EUR/USD has not topped yet – UOB
The research team at UOB Group sees the pair could attempt a visit to the vicinity of the 1.1500 handle.
Key Quotes
“The up-move in EUR has been more impulsive than expected as we approach the 1.1375 high seen last month”.
“Above this level would open up the way for a move to the Oct 2015 high of 1.1495. In other words, no sign of top just yet and the risk is still clearly on the upside. Stop-loss is adjusted higher to 1.1200 from 1.1050”.
Key Quotes
“The up-move in EUR has been more impulsive than expected as we approach the 1.1375 high seen last month”.
“Above this level would open up the way for a move to the Oct 2015 high of 1.1495. In other words, no sign of top just yet and the risk is still clearly on the upside. Stop-loss is adjusted higher to 1.1200 from 1.1050”.