9 Mar 2015
EUR/USD nearest support at 1.0765 – KBC
FXStreet (Barcelona) - The KBC Bank Research Team gives the technical outlook for EUR/USD, still maintaining their sell-on-upticks approach for the pair.
Key Quotes
“EUR/USD as again made a big step downward on Friday. The pair is in oversold territory, but we don’t see a reason to row against the tide.”
“The technical picture for the EUR/USD cross rate turned further negative as the pair dropped below the previous cycle low.”
“On the downside, next support stands at 1.0765 and 1.0504 (2003 lows).”
“On the topside the 1.1098 previous low is a first reference short-term.”
“A rebound north of 1.1534 would question the established downtrend."
"We maintain a EUR/USD sell-on-upticks approach.”
Key Quotes
“EUR/USD as again made a big step downward on Friday. The pair is in oversold territory, but we don’t see a reason to row against the tide.”
“The technical picture for the EUR/USD cross rate turned further negative as the pair dropped below the previous cycle low.”
“On the downside, next support stands at 1.0765 and 1.0504 (2003 lows).”
“On the topside the 1.1098 previous low is a first reference short-term.”
“A rebound north of 1.1534 would question the established downtrend."
"We maintain a EUR/USD sell-on-upticks approach.”