9 Apr 2014
EUR/USD - Break above 1.3820 shifts outlook to bullish - UOB
FXStreet (Bali) - The Market Strategy Team at UOB Group notes that 1.3820 will be the critical level to monitor that will determine whether Euro can extend gains or further slides are seen.
Key Quotes
"While the unexpected strong short-term rally is still holding below the key resistant at 1.3820, a break above this level will shift the current bearish outlook to bullish (for further gains towards 1.3880/1.3935). However, a drop back below 1.3730 would suggest that the target 1.3643 is back in sight."
Key Quotes
"While the unexpected strong short-term rally is still holding below the key resistant at 1.3820, a break above this level will shift the current bearish outlook to bullish (for further gains towards 1.3880/1.3935). However, a drop back below 1.3730 would suggest that the target 1.3643 is back in sight."