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17 Feb 2014
Flash: EUR/USD to struggle near 1.3740 - UOB
FXStreet (Bali) - According to the Market Strategy Team at UOB Group, EUR/USD up-move should be limited today.
Key Quotes
"The target highlighted at 1.3715/20 last Friday was met with a high of 1.3715. While the under-tone is still positive, the upward momentum is beginning to show signs of slowing down."
"Expect 1.3640 support to hold for today but any further up-move will likely struggle near the strong mid-term resistant at 1.3740."
Key Quotes
"The target highlighted at 1.3715/20 last Friday was met with a high of 1.3715. While the under-tone is still positive, the upward momentum is beginning to show signs of slowing down."
"Expect 1.3640 support to hold for today but any further up-move will likely struggle near the strong mid-term resistant at 1.3740."