16 Jan 2014
Flash: EUR/USD, early stages of a more sustained down-move? - UOB
FXstreet.com (Bali) - The Market Strategy Team at UOB Group speculates on a lower EUR/USD for Thursday.
Key Quotes
"The break of the 1.3640 support resulted in a drop towards 1.3582. Downward momentum is picking up strongly and the current movement could be the early stages of a more sustained down-move."
"Expect any rebound to stay below 1.3670 for a move lower to test last week’s low at 1.3545/50."
Key Quotes
"The break of the 1.3640 support resulted in a drop towards 1.3582. Downward momentum is picking up strongly and the current movement could be the early stages of a more sustained down-move."
"Expect any rebound to stay below 1.3670 for a move lower to test last week’s low at 1.3545/50."