10 Jan 2014
Flash: EUR/USD outlook bearish ahead of Non Farm Payrolls - UOB Group
FXstreet.com (Barcelona) - The Market Strategy Team at UOB Group have a bearish outlook for EUR/USD today.
Key Quotes
"While the high of 1.3634 stayed just below the strong resistant highlighted at 1.3635/40 yesterday, the low of 1.3548 did not reach the 1.3530 target."
"The outlook still appears to be bearish but the market direction is likely to be determined by the US unemployment data this evening. Having said that, as long 1.3655/60 is not taken out for today, the risk is still on the downside towards the 1.3530 support."
Key Quotes
"While the high of 1.3634 stayed just below the strong resistant highlighted at 1.3635/40 yesterday, the low of 1.3548 did not reach the 1.3530 target."
"The outlook still appears to be bearish but the market direction is likely to be determined by the US unemployment data this evening. Having said that, as long 1.3655/60 is not taken out for today, the risk is still on the downside towards the 1.3530 support."