24 Jan 2014
Flash: EUR/USD, no sign of a top - UOB
FXstreet.com (Bali) - According to the Market Strategy Team at UOB Group, there is no signs of a top just yet in EUR/USD.
Key Quotes
"The up-move was unexpected as EUR broke out of its recent range touching a 3-week high of 1.3699. Despite the overbought conditions, there is no sign of a top just yet. Expect the immediate support at 1.3640 to hold for a move towards 1.3720 before a deeper pullback can be expected."
Key Quotes
"The up-move was unexpected as EUR broke out of its recent range touching a 3-week high of 1.3699. Despite the overbought conditions, there is no sign of a top just yet. Expect the immediate support at 1.3640 to hold for a move towards 1.3720 before a deeper pullback can be expected."