Flash: EUR/USD targets strong resistance at 1.3342 – UBS

FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead.

“There is a strong resistance for the EUR/USD at 1.3342. A closing break above which would be positive over the longer-term, opening 1.3520 – support is at 1.3112 ahead of 1.3052.” the analysts note. In terms of the EUR/CHF, support is at 1.2267, a break below this would expose
1.2196, while resistance is at 1.2415 ahead of 1.2460.

Moving to the EUR/GBP, the latest weakness is approaching support at 0.8475, a break below this would open 0.8421 and then 0.8398. Resistance is at 0.8538 ahead of 0.8607. Finally, concerning the EUR/JPY, resistance is at 130.89 ahead of 133.80. Meanwhile, support is at 126.18 ahead of 124.72, suggesting a neutral intraday outlook.