OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: EUR crosses hold bearish bias - UBS

FXstreet.com (Barcelona) - UBS strategists Gareth Berry and Geoffrey Yu have taken a technical look at this mornings EUR crosses and note a bearish bias ahead.

Starting with EUR/CHF, they are neutral, and see significant support at 1.2120, with resistance at 1.2202 ahead of 1.2255. They are bearish EUR/GBP and note that the risk is for extension of weakness to test support at 0.8362 in the near-term, a breach of which would open 0.8285. They see resistance at 0.8499 ahead of 0.8561. Finally, they note that EUR/JPY is bearish and the risk is for an extension of weakness. They write, “Focus is on critical support at 118.73, a break below would expose 116.85. Resistance is at 121.87.”

Forex Flash: EUR gradually beginning to stabilise - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the euro is beginning to stabilise after Cypriot development intensified downward pressure towards the end of March.
Read more Previous

Forex: GBP/USD threatening 1.5200

The sterling continues to navigate session lows around the key support of 1.5200 on Tuesday, after mixed data from the British economy intensified the selling pressure. In fact, UK manufacturing PMI rose to 48.3 in March, from...
Read more Next
Start livechat