5 Sep 2013
Flash: EUR/USD headed to 1.3100? – UBS
FXstreet.com (Lisbon) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses.
Key quotes
“EUR/USD support is at 1.3103, a break below this would expose 1.3021. Any upside should be limited to resistance at 1.3296, suggesting a bearish outlook.”
In terms of the EUR/CHF, “Resistance is at 1.2434 ahead of 1.2475. Support is at 1.2314 ahead of 1.2268.”
Moving to the EUR/GBP, “The cross is under selling pressure and all evidence suggests more weakness to test the important support at 0.8398. Resistance is at 0.8540, suggesting a bearish outlook.”
Key quotes
“EUR/USD support is at 1.3103, a break below this would expose 1.3021. Any upside should be limited to resistance at 1.3296, suggesting a bearish outlook.”
In terms of the EUR/CHF, “Resistance is at 1.2434 ahead of 1.2475. Support is at 1.2314 ahead of 1.2268.”
Moving to the EUR/GBP, “The cross is under selling pressure and all evidence suggests more weakness to test the important support at 0.8398. Resistance is at 0.8540, suggesting a bearish outlook.”