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Daily Financial Market News

Wed, 24 Jan 2018 09:18:22 Z

EUR/USD sticks to the bullish view – UOB

EUR/USD sticks to the bullish view – UOB Skip to main content Follow us on: | FXStreet Blog |    Newsletter MENU Show navigation FXStreet FXStreet - The forex market Home RATES & CHARTS Live Chart Trading Positions Forecast Poll Rates Table Technical Levels New Technical Confluences EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News Latest News Institutional Research EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Equities Analysis Latest Analysis EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD Dollar Index Oil Gold Stocks Commodities Bonds Cryptocurrencies New Support and Resistance Elliott Wave Cycles Sentiment Economic Calendar Economic Calendar Interest Rates Market Hours Nonfarm Payrolls Fed BoC ECB BoE SNB BoJ RBA RBNZ Cryptos Live Video Latest Live Videos Shows Schedule Become Premium Ed Ponsi Giuseppe Basile Sarid Harper Alex Ong Sam Seiden Steve Ruffley Rob Colville Nenad Kerkez Gonçalo Moreira Navin Prithyani David Pegler Walter Peters Education Brokers Forex Brokers Broker News Broker Spreads Home RATES & CHARTS TOOLS Live Chart Trading Positions Forecast Poll Rates Table Technical Levels Technical Confluences ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News LATEST FOREX NEWS Latest News Institutional Research LATEST NEWS BY ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Equities Analysis SECTIONS Latest Analysis EDITORIAL SELECTION EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD Dollar Index Oil Gold Stocks Commodities Bonds Cryptocurrencies Support and Resistance Elliott Wave Cycles Sentiment Economic Calendar TOOLS Economic Calendar Interest Rates Market Hours TOP EVENTS Nonfarm Payrolls Fed BoC ECB BoE SNB BoJ RBA RBNZ Cryptos Live Video SECTIONS Latest Live Videos Shows Schedule Become Premium MOST POPULAR COACHES Ed Ponsi Giuseppe Basile Sarid Harper Alex Ong Sam Seiden Steve Ruffley Rob Colville Nenad Kerkez Gonçalo Moreira Navin Prithyani David Pegler Walter Peters Education Brokers SECTIONS Forex Brokers Broker News Broker Spreads ; NEWS | 35 minutes ago EUR/USD sticks to the bullish view – UOB By Pablo Piovano The bullish stance on the pair remains well in place for the time being, according to FX Strategists at UOB Group. Key Quotes 24-hour view: “EUR traded between 1.2221 and 1.2306 yesterday, wider than our expected 1.2220/1.2290 consolidation range. The strong daily close has shifted the immediate pressure to the upside and from here, EUR has scope to move above last week’s peak near 1.2320/25. At this stage, a sustained move above the next resistance at 1.2355 seems unlikely. Support is 1.2270 followed by 1.2240”. Next 1-3 weeks: “While we have been bullish EUR since last Monday, we were concerned with the loss of momentum as EUR traded sideways over the past several days. In order to revive the current flagging momentum, EUR has to stage a clear push above last week’s top near 1.2325 within these 1 to 2 days. A clear break above this level would signal the next leg higher towards the revised ‘target’ of 1.2440. On the downside, support is at 1.2240 but only a break of 1.2210 (‘stop-loss’ level adjusted higher from 1.2150) would indicate that an interim top is in place”. 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