28 Mar 2016
EUR/USD keeps the neutral bias – UOB
The research team at UOB Group remains neutral on the pair’s outlook for the next 1-3 weeks.
Key Quotes
“EUR traded quietly late last week and there is no change to the current neutral view”.
“We continue to expect this pair to trade in a broad 1.1120/1.1375 range even though the immediate risk appears to be tilted to the downside”.
“A clear break below 1.1120 could lead to a quick drop towards the next support near 1.1055. On a shorter-term note, 1.1280 is already a strong resistance (key resistance is at 1.1375)”.
Key Quotes
“EUR traded quietly late last week and there is no change to the current neutral view”.
“We continue to expect this pair to trade in a broad 1.1120/1.1375 range even though the immediate risk appears to be tilted to the downside”.
“A clear break below 1.1120 could lead to a quick drop towards the next support near 1.1055. On a shorter-term note, 1.1280 is already a strong resistance (key resistance is at 1.1375)”.