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28 Mar 2014
EUR/USD outlook continues neutral - UOB
FXStreet (Bali) - According to the Market Strategy Team at UOB Group, EUR/USD outlook is still considered neutral.
Key Quotes
"In-line with expectations, EUR tested the strong support highlighted at 1.3730. While the outlook is still considered as neutral at this stage, a daily close below this level would suggest a shift to a bearish view for further EUR weakness towards 1.3643. Only a move above 1.3795 would suggest that the immediate downward pressure has eased."
Key Quotes
"In-line with expectations, EUR tested the strong support highlighted at 1.3730. While the outlook is still considered as neutral at this stage, a daily close below this level would suggest a shift to a bearish view for further EUR weakness towards 1.3643. Only a move above 1.3795 would suggest that the immediate downward pressure has eased."