Flash: EUR Crosses - UBS

FXstreet.com (London) - UBS Strategists Geoffrey Yu and Gareth Berry offer their views for crosses in the Euro.

EURCHF BEARISH Support is at 1.2196, a breach here would open the significant 1.2120. Resistance is 1.2364.

EURGBP NEUTRAL Strong support at 0.8475 was tested again yesterday. A closing break below this would be negative opening 0.8398. Resistance is at 0.8542 ahead of the strong resistance 0.8607.

EURJPY NEUTRAL Resistance at 130.43 holds the upside move. A break above this would open 133.80. Support is at 124.72; a closing break below this would be negative.

Flash: Pressured Cable - OCBC Bank

A supported dollar tone, coupled with a fading EUR, as well as cautionary (dovish) comments from the BOE’s Ticker and Miles, pressured the GBP-USD lower.
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