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17 Apr 2014
EUR/USD needs to regain 1.3850 to keep bullish bias - UOB
FXStreet (Bali) - The Market Strategy Team at UOB Group remains constructive on the EUR/USD outlook, with a break of 1.3850 reaffirming the bias.
Key Quotes
"While the key support for at 1.3780 is still intact, the shorter-term indicators are showing early signs of possible weakness. In the meanwhile, we are holding on to our bullish view but EUR has to move above the immediate resistant at 1.3850 soon in order to maintain the current positive momentum."
Key Quotes
"While the key support for at 1.3780 is still intact, the shorter-term indicators are showing early signs of possible weakness. In the meanwhile, we are holding on to our bullish view but EUR has to move above the immediate resistant at 1.3850 soon in order to maintain the current positive momentum."