12 Feb 2016
EUR/USD room for further upside? – UOB
The research team at UOB Group sees the pair’s upside could test the 1.1400 handle.
Key Quotes
“While we believe EUR has room to extend higher in the longer run, the current rally is showing signs of slowing and a short-term top appears to be imminent”.
“Those who are long should continue to book some partial profit at 1.1400. Stop-loss is adjusted slightly higher to 1.1180 from 1.1150”.
Key Quotes
“While we believe EUR has room to extend higher in the longer run, the current rally is showing signs of slowing and a short-term top appears to be imminent”.
“Those who are long should continue to book some partial profit at 1.1400. Stop-loss is adjusted slightly higher to 1.1180 from 1.1150”.