26 May 2014
EUR/USD down-move incomplete - UOB
FXStreet (Bali) - The Market Strategy Team at UOB Group thinks that the EUR/USD down-move still appears incomplete.
Key Quotes
"Despite oversold conditions, the EUR down-move still appears incomplete. However, waning downward momentum suggests that a sustained break below 1.3600 is unlikely for now. Only a move above 1.3655 will indicate that an interim low is place."
Key Quotes
"Despite oversold conditions, the EUR down-move still appears incomplete. However, waning downward momentum suggests that a sustained break below 1.3600 is unlikely for now. Only a move above 1.3655 will indicate that an interim low is place."