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Flash: EUR/USD faces bearish headwinds – UBS

FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead.

In particular, The EUR/USD maintains a bearish outlook intraday, as the pair is under pressure, trading close to Wednesday's low at 1.2843. A break below this would expose 1.2746 ahead of 1.2662. Resistance is at 1.2943 ahead of 1.3029. In terms of the EUR/CHF, with bullish trend in place, the focus is on resistance at 1.2525, a break above this would open 1.2569. Meanwhile support is at 1.2361, suggesting a bullish intraday view.

Moving to the EUR/GBP, with the MACD below its zero line, the focus is on support at 0.8389. A break below this would expose the important 0.8587. There is an important resistance area at 0.8517 and 0.8546. Finally, concerning the EUR/JPY, the first resistance is at 132.77, a break above this would open 134.38 ahead of the more critical 138.49. Despite a bullish outlook, support is at 129.92.

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