7 Feb 2014
Flash: Expect EUR/USD support at 1.3530 - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group expect EUR/USD support at 1.3530 to hold before a test of 1.3630 can be expected.
Key Quotes
"The low of 1.3482 stays above the support highlighted at 1.3475/80 before surging to a high of 1.3619 on the back of ECB announcement.”
“The rally appears incomplete and extension higher is likely. Expect the immediate support at 1.3530 to hold for a move towards 1.3630/35 before a pullback can be expected."
Key Quotes
"The low of 1.3482 stays above the support highlighted at 1.3475/80 before surging to a high of 1.3619 on the back of ECB announcement.”
“The rally appears incomplete and extension higher is likely. Expect the immediate support at 1.3530 to hold for a move towards 1.3630/35 before a pullback can be expected."