26 May 2014
EUR/USD heading for 1.34’s? - UOB Group
FXStreet (Guatemala) - The Market Strategy Team at UOB Group said there are no signs of stabilization, continue to expect further EUR weakness towards 1.3563, possibly 1.3477.
Key Quotes:
"No signs of stabilization, continue to expect further EUR weakness towards 1.3563, possibly 1.3477"
"The target of 1.3610 highlighted last Monday was almost met with a low of 1.3616 on Friday. With no signs of stabilization, we continue to expect further EUR weakness this week."
"The next support is at 1.3563 and a clear break below this level could lead to a quick move towards 1.3477 as there are hardly any significant supports in between these levels. Only a move above 1.3730 would indicate that the current bearish phase has ended."
Key Quotes:
"No signs of stabilization, continue to expect further EUR weakness towards 1.3563, possibly 1.3477"
"The target of 1.3610 highlighted last Monday was almost met with a low of 1.3616 on Friday. With no signs of stabilization, we continue to expect further EUR weakness this week."
"The next support is at 1.3563 and a clear break below this level could lead to a quick move towards 1.3477 as there are hardly any significant supports in between these levels. Only a move above 1.3730 would indicate that the current bearish phase has ended."