23 Sep 2013
Flash: EUR bias remains different vs. majors – UBS
FXstreet.com (Edinburgh) -According to strategists Geoffrey Yu and Gareth Berry at the Swiss lender UBS, the single currency holds different views against its rivals.
Key quotes
Not much to say in regard of the EUR/CHF, as its outlook remains neutral, adding, “Resistance is at 1.2359 ahead of 1.2415. Strong support is at 1.2268”.
On the other hand, the EUR/JPY keeps the bullish stance. The analysts argued, “Having extended the bullish pattern of higher highs/lows last week, any setback will be limited to support at 131.61. Resistance is at 134.95, a break above this would open the critical 138.49.
And finally, all the ways lead to the south when comes to the EUR/GBP, as “The latest recovery has tested resistance at 0.8467. While this holds on closing basis, the risk is for resumption of weakness as bearish conditions persist. Support is at 0.8353 ahead of 0.8285”.
Key quotes
Not much to say in regard of the EUR/CHF, as its outlook remains neutral, adding, “Resistance is at 1.2359 ahead of 1.2415. Strong support is at 1.2268”.
On the other hand, the EUR/JPY keeps the bullish stance. The analysts argued, “Having extended the bullish pattern of higher highs/lows last week, any setback will be limited to support at 131.61. Resistance is at 134.95, a break above this would open the critical 138.49.
And finally, all the ways lead to the south when comes to the EUR/GBP, as “The latest recovery has tested resistance at 0.8467. While this holds on closing basis, the risk is for resumption of weakness as bearish conditions persist. Support is at 0.8353 ahead of 0.8285”.