26 Nov 2014
EUR stages a strong rebound - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group, note that EUR staged a strong rebound to 1.2486 level yesterday after dipping towards 1.2400 levels.
Key Quotes
"In line with expectations, EUR dipped towards 1.2400 before staging a strong rebound to touch an overnight high of 1.2486. The strong daily close bodes well for further EUR gains today.”
“Expect the support at 1.2430 to hold for a move higher to test the major resistant at 1.2520/25."
Key Quotes
"In line with expectations, EUR dipped towards 1.2400 before staging a strong rebound to touch an overnight high of 1.2486. The strong daily close bodes well for further EUR gains today.”
“Expect the support at 1.2430 to hold for a move higher to test the major resistant at 1.2520/25."