1 Jul 2013
EUR/USD establishing fresh highs
FXstreet.com (New York) - The EUR/USD foreign exchange rate has flexed its muscles Monday, refusing to slow its advance even as the pair establishes fresh highs in these moments.
EUR/USD eyes lower target by year-end
According to Research Analyst Geoffrey Yu at UBS, “If current patterns hold on the back of European growth dividends, the EUR/USD is likely to fall gradually towards our year-end 2013 forecast of 1.2000.”
EUR/USD rebounds off earlier attempt at 1.3000 level
At the time of writing, the EUR/USD pair is operating at a intraday high of 1.3070, securing a gain of +0.38% during US trading. Despite the pair’s steadfast performance and recovery off of earlier depths, the EUR/USD remains below resistance, which is found at 1.3080, then 1.3148, and finally 1.3192, calculates the Mataf.net analyst team.
EUR/USD eyes lower target by year-end
According to Research Analyst Geoffrey Yu at UBS, “If current patterns hold on the back of European growth dividends, the EUR/USD is likely to fall gradually towards our year-end 2013 forecast of 1.2000.”
EUR/USD rebounds off earlier attempt at 1.3000 level
At the time of writing, the EUR/USD pair is operating at a intraday high of 1.3070, securing a gain of +0.38% during US trading. Despite the pair’s steadfast performance and recovery off of earlier depths, the EUR/USD remains below resistance, which is found at 1.3080, then 1.3148, and finally 1.3192, calculates the Mataf.net analyst team.