Back
13 Mar 2014
Flash: EUR/USD upside focused on 1.3960 - UOB Group
FXStreet (Barcelona) - Quek Ser Leang, Market Strategist at UOB Group suspects that EUR/USD could be poised to meet their 1.3960 target soon.
Key Quotes
“The overnight up-move bodes well for our bullish view. Upward momentum is picking up nicely and we continue to expect EUR to move higher towards the 1.3960 target.”
“The key support has edged higher to 1.3790 from 1.3760 previously. Looking further ahead, a move above 1.3960 would give a strong indication that EUR could rally further in the weeks ahead.”
Key Quotes
“The overnight up-move bodes well for our bullish view. Upward momentum is picking up nicely and we continue to expect EUR to move higher towards the 1.3960 target.”
“The key support has edged higher to 1.3790 from 1.3760 previously. Looking further ahead, a move above 1.3960 would give a strong indication that EUR could rally further in the weeks ahead.”