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16 Sep 2013
Flash: EUR/USD neutral while majors show bullish bias - UBS
FXstreet.com (Barcelona) - Gareth Berry and Geoffrey Yu, UBS strategists note that EUR/USD is technically neutral while GBP/USD and USD/JPY are bullish in the near term.
Key Quotes
“With the MACD threatening to cross above its zero line, focus on the critical resistance at 1.3452. A close above which would be outright bullish development. (EUR/USD) support is at 1.3230.”
“Any (USD/JPY) downside should be limited as bullish conditions persist. Strong support is at
98.21 and 97.64. Resistance is at 100.61 ahead of 101.53.”
“With the trending and momentum indicators pointing higher, potential is for more (GBP/USD) upside. Resistance is at 1.6027 ahead of 1.6179. Support is at 1.5777.”
Key Quotes
“With the MACD threatening to cross above its zero line, focus on the critical resistance at 1.3452. A close above which would be outright bullish development. (EUR/USD) support is at 1.3230.”
“Any (USD/JPY) downside should be limited as bullish conditions persist. Strong support is at
98.21 and 97.64. Resistance is at 100.61 ahead of 101.53.”
“With the trending and momentum indicators pointing higher, potential is for more (GBP/USD) upside. Resistance is at 1.6027 ahead of 1.6179. Support is at 1.5777.”