13 Feb 2014
Flash: EUR/USD risk to the downside - UOB
FXStreet (Bali) - EUR/USD risk for today is to the downside, according to the Market Strategy Team at UOB Group.
Key Quotes
"The breach of the support at 1.3600 appears to be a range extension instead of a bearish reversal."
"For today, the risk is still on the downside towards the next support at 1.3545/50 but unless there is a break below 1.3500, this will likely lead to a recovery towards 1.3630."
Key Quotes
"The breach of the support at 1.3600 appears to be a range extension instead of a bearish reversal."
"For today, the risk is still on the downside towards the next support at 1.3545/50 but unless there is a break below 1.3500, this will likely lead to a recovery towards 1.3630."