17 Dec 2014
EUR/USD might climb towards 1.2600 levels – UOB
FXStreet (Barcelona) - Analysts at UOB Group still hold their bullish view for the EUR/USD pair, anticipating a move towards 1.2600 levels.
Key Quotes
“EUR finally broke above the 1.2530 resistance touching a high of 1.2569. Despite the short-term pullback from the high, we are holding on to our bullish view and continue to expect a move to 1.2600 where a break could lead to acceleration higher to the next resistance at 1.2700. Trailing-stop has moved quickly higher to 1.2360 from 1.2290 previously.”
Key Quotes
“EUR finally broke above the 1.2530 resistance touching a high of 1.2569. Despite the short-term pullback from the high, we are holding on to our bullish view and continue to expect a move to 1.2600 where a break could lead to acceleration higher to the next resistance at 1.2700. Trailing-stop has moved quickly higher to 1.2360 from 1.2290 previously.”