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16 Mar 2015
EUR/USD rebound might extend to 1.0550 – UOB
FXStreet (Barcelona) - Analysts at UOB Group expect EUR/USD’s rebound to extend to 1.0550, with chances of a sustained down-move unlikely for now.
Key Quotes
“EUR touched a fresh multi-year low of 1.0460 before rebounding. While further EUR weakness is not ruled out, the drop from the high of 1.0683 last week appears to be too rapid and a sustained down-move appears unlikely from here.”
“For today, allow for a rebound to 1.0550 but 1.0600 is expected to cap for a retest of last Friday’s low.”
Key Quotes
“EUR touched a fresh multi-year low of 1.0460 before rebounding. While further EUR weakness is not ruled out, the drop from the high of 1.0683 last week appears to be too rapid and a sustained down-move appears unlikely from here.”
“For today, allow for a rebound to 1.0550 but 1.0600 is expected to cap for a retest of last Friday’s low.”