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19 Aug 2013
Flash: EUR/USD bullishness eyes 1.3417 – UBS
FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses.
Key quotes
“With bullish conditions in place, the first resistance focus for the EUR/USD is at 1.3417, a break above which would open 1.3520. Support is at 1.3206 ahead of 1.3154, suggesting a bullish outlook.”
In terms of the EUR/CHF, “With the MACD threatening to cross above its zero line, the risk is for more upside. Resistance is at 1.2466/85. Support is at 1.2331 ahead of 1.2268.”
Moving to the EUR/GBP, “With the trending/momentum indicators pointing lower, there is potential for a move below support at 0.8469 and test the important support at 0.8398. Resistance is at 0.8569 ahead of 0.8610.”
Key quotes
“With bullish conditions in place, the first resistance focus for the EUR/USD is at 1.3417, a break above which would open 1.3520. Support is at 1.3206 ahead of 1.3154, suggesting a bullish outlook.”
In terms of the EUR/CHF, “With the MACD threatening to cross above its zero line, the risk is for more upside. Resistance is at 1.2466/85. Support is at 1.2331 ahead of 1.2268.”
Moving to the EUR/GBP, “With the trending/momentum indicators pointing lower, there is potential for a move below support at 0.8469 and test the important support at 0.8398. Resistance is at 0.8569 ahead of 0.8610.”