24 Jun 2013
Flash: EUR/USD maintains neutral course – UBS
FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead.
“The important support for the EUR/USD lies at 1.3034 ahead of 1.2797. Resistance is at 1.3254 ahead of 1.3417, indicating a neutral intraday outlook.” the analysts note. In terms of the EUR/CHF, with the bear trend intact, potential is for further downside. Support is at 1.2196 ahead of the significant 1.2120, resistance is at 1.2364.
Moving to the EUR/GBP, support is at 0.8475, which was defended well on closing basis. A closing break below this would open 0.8398. Resistance is at 0.8607 ahead of 0.8656. Finally, concerning the EUR/JPY, The recent strength is held by the resistance at 130.43. A closing break above this would open 133.80. Support is at 127.06 ahead of 124.72., suggesting a neutral intraday outlook.
“The important support for the EUR/USD lies at 1.3034 ahead of 1.2797. Resistance is at 1.3254 ahead of 1.3417, indicating a neutral intraday outlook.” the analysts note. In terms of the EUR/CHF, with the bear trend intact, potential is for further downside. Support is at 1.2196 ahead of the significant 1.2120, resistance is at 1.2364.
Moving to the EUR/GBP, support is at 0.8475, which was defended well on closing basis. A closing break below this would open 0.8398. Resistance is at 0.8607 ahead of 0.8656. Finally, concerning the EUR/JPY, The recent strength is held by the resistance at 130.43. A closing break above this would open 133.80. Support is at 127.06 ahead of 124.72., suggesting a neutral intraday outlook.