14 Mar 2014
Flash: EUR/USD, allow rebound to 1.39/1.3950 before selling - UOB
FXStreet (Bali) - According to the Market Strategy Team at UOB Group, EUR/USD profile has turned slightly bearish short term, with rebounds now seen as selling opportunities.
Key Quotes
"The sharp plunge from the high in EUR/USD suggests that a temporary short-term top is likely in place", adding that "a rebound towards 1.3900 is likely but 1.3935 is likely strong enough to cap any further recovery for a move lower towards 1.3820."
Key Quotes
"The sharp plunge from the high in EUR/USD suggests that a temporary short-term top is likely in place", adding that "a rebound towards 1.3900 is likely but 1.3935 is likely strong enough to cap any further recovery for a move lower towards 1.3820."