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5 Aug 2013
Flash: EUR crosses technically bullish - UBS
FXstreet.com (Barcelona) - Gareth Berry and Geoffrey Yu of UBS believe that EUR crosses have a technically bullish bias.
Key Quotes
“The (EUR/CHF) cross came under pressure from key resistance at 1.2404. Our support
focus is at 1.2313 which was defended well on closing basis the last time.”
“(EUR/GBP) Risk is for to short term correction to unwind the overextended upside
conditions. Support is at 0.8654. Resistance is at 0.8815.”
“The (EUR/JPY) cross advanced after the test of critical support at 129.77. With the MACD still above the zero line, the risk is for further upside. Resistance is at 133.80.”
Key Quotes
“The (EUR/CHF) cross came under pressure from key resistance at 1.2404. Our support
focus is at 1.2313 which was defended well on closing basis the last time.”
“(EUR/GBP) Risk is for to short term correction to unwind the overextended upside
conditions. Support is at 0.8654. Resistance is at 0.8815.”
“The (EUR/JPY) cross advanced after the test of critical support at 129.77. With the MACD still above the zero line, the risk is for further upside. Resistance is at 133.80.”