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27 Feb 2014
Flash: EUR/USD, risk for an extension lower to 1.3635 - UOB
FXStreet (Bali) - According to the Market Strategy Team at UOB Group, EUR/USD risk is to the downside today.
Key Quotes
"EUR broke below the 1.3680 support to touch a 2-week low of 1.3662. The downward momentum is picking up strongly and the key support at 1.3635 appears to be under threat now."
"In the meanwhile, only a move back above 1.3720 will indicate the current down-move has stabilized. Otherwise, the risk for today is for an extension lower towards 1.3635."
Key Quotes
"EUR broke below the 1.3680 support to touch a 2-week low of 1.3662. The downward momentum is picking up strongly and the key support at 1.3635 appears to be under threat now."
"In the meanwhile, only a move back above 1.3720 will indicate the current down-move has stabilized. Otherwise, the risk for today is for an extension lower towards 1.3635."