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26 Apr 2016
EUR/USD: bearish bias - UOB
Analysts at UOB Group are Bearish on EUR/USD.
Key Quotes:
"To take partial profit at 1.1145."
"Despite breaking below 1.1230 recently, the downward momentum is not as impulsive as we would like.
"Furthermore, the target of 1.1145 is a strong support and EUR would likely struggle to move clearly below this level.
Those who are short should look to take partial profit at 1.1145. Stop-loss remains unchanged at 1.1230 for now."
Key Quotes:
"To take partial profit at 1.1145."
"Despite breaking below 1.1230 recently, the downward momentum is not as impulsive as we would like.
"Furthermore, the target of 1.1145 is a strong support and EUR would likely struggle to move clearly below this level.
Those who are short should look to take partial profit at 1.1145. Stop-loss remains unchanged at 1.1230 for now."