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23 Jan 2015
EUR/USD aiming towards 1.1180 – UOB
FXStreet (Barcelona) - According to the Research Team at UOB Group, the EUR/USD pair will continue to exhibit the downward movement, with the next target now being 1.1180.
Key Quotes
“With the help of ECB, our revised target at 1.1375 was met overnight. Strong impulsive downward momentum is expected to prevail over oversold conditions and the next level to aim for is at 1.1180. Trailing-stop has moved sharply lower to 1.1550 from 1.1700.”
Key Quotes
“With the help of ECB, our revised target at 1.1375 was met overnight. Strong impulsive downward momentum is expected to prevail over oversold conditions and the next level to aim for is at 1.1180. Trailing-stop has moved sharply lower to 1.1550 from 1.1700.”