5 Mar 2015
EUR/USD next support at 1.0765 – KBC
FXStreet (Barcelona) - The KBC Bank Research Team gives the key technical levels for EUR/USD, maintaining their sell-on-upticks approach for the pair.
Key Quotes
“The Technical picture for the EUR/USD cross rate turns further negative as the pair dropped below the previous cycle low. On the downside, next support is seen at 1.0765 and 1.0504 (2003 lows).”
“The pair is moving into oversold territory, but it is not in an extreme position yet.”
“On the topside the 1.13/1.1390 area is a first reference short-term.”
“A rebound north of 1.1534 would question the established downtrend.”
“We maintain a EUR/USD sell-on-upticks approach but still hope for higher levels to add EUR/USD short exposure.”
Key Quotes
“The Technical picture for the EUR/USD cross rate turns further negative as the pair dropped below the previous cycle low. On the downside, next support is seen at 1.0765 and 1.0504 (2003 lows).”
“The pair is moving into oversold territory, but it is not in an extreme position yet.”
“On the topside the 1.13/1.1390 area is a first reference short-term.”
“A rebound north of 1.1534 would question the established downtrend.”
“We maintain a EUR/USD sell-on-upticks approach but still hope for higher levels to add EUR/USD short exposure.”