10 Apr 2014
EUR/USD outlook shifted to bullish - UOB
FXStreet (Bali) - The Market Strategy Team at UOB Group expects EUR/USD to target 1.3967 next after breaking above 1.3820 resistance.
Key Quotes
"The clear break above the key resistant at 1.3820 and the strong daily close has shifted the outlook for the next couple of weeks to bullish. The target is for a move towards last month’s high at 1.3967. In order to maintain the current momentum, any pullback has to stay above the key support at 1.3730."
Key Quotes
"The clear break above the key resistant at 1.3820 and the strong daily close has shifted the outlook for the next couple of weeks to bullish. The target is for a move towards last month’s high at 1.3967. In order to maintain the current momentum, any pullback has to stay above the key support at 1.3730."