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18 Mar 2014
Flash: EUR/USD, 1.3875/80 expected to hold pullbackS - UOB
FXStreet (Bali) - According to the Market Strategy Team at UOB Group, support at 1.3875/80 is expected to hold any pullback in EUR/USD today, as upward momentum continues.
Key Quotes
"In line with expectations, EUR edged higher towards the mid-1.39. The upward momentum continues to improve and yesterday’s low at 1.3875/80 is expected to hold any pullback from here. However, 1.3965/70 is a formidable resistant and only a clear break above this level will suggest a continuation of the recent uptrend."
Key Quotes
"In line with expectations, EUR edged higher towards the mid-1.39. The upward momentum continues to improve and yesterday’s low at 1.3875/80 is expected to hold any pullback from here. However, 1.3965/70 is a formidable resistant and only a clear break above this level will suggest a continuation of the recent uptrend."