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13 Sep 2013
Flash: EUR/USD could see scope higher past 1.3400 – UBS
FXstreet.com (Lisbon) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses.
Key quotes
“EUR/USD Resistance is at 1.3325, a break above which would extend the recent strength to 1.3452. Support is at 1.3215, a decline through which would open the way to the critical 1.3103, suggesting a neutral outlook.”
In terms of the EUR/CHF, “Resistance is at 1.2434 ahead of 1.2475. Support is at 1.2326 ahead of 1.2268.”
Moving to the EUR/GBP, “having tested the strong support at 0.8397, the immediate risk appears for a short-term recovery to unwind the sharp sell-off. Resistance is at 0.8486. Support is at 0.8383 ahead of 0.8285, suggesting a bearish outlook.”
Key quotes
“EUR/USD Resistance is at 1.3325, a break above which would extend the recent strength to 1.3452. Support is at 1.3215, a decline through which would open the way to the critical 1.3103, suggesting a neutral outlook.”
In terms of the EUR/CHF, “Resistance is at 1.2434 ahead of 1.2475. Support is at 1.2326 ahead of 1.2268.”
Moving to the EUR/GBP, “having tested the strong support at 0.8397, the immediate risk appears for a short-term recovery to unwind the sharp sell-off. Resistance is at 0.8486. Support is at 0.8383 ahead of 0.8285, suggesting a bearish outlook.”