A break above 1,1275 could trigger an additional rebound; The levels to be monitored are 1,1350 and 1,1400. In the long term, the euro (EUR) is likely to be recovered; The levels to be monitored are 1,1400 and 1,1450, the FX analysts of UOB Group quek be Leang and Peter Chia point.
Levels to be monitored are 1,1400 and 1,1450
24 -hour vision: “When the EUR was in 1,0950 yesterday, we indicated that ‘the sharp fall in the EUR has space to try 1,0895 before a stabilization occurs.’ We also indicate that ‘any additional fall is unlikely to reach 1,0850.’ We were wrong, since EURs took off and shot, reaching a maximum of 1,1241. Probable that it remains above 1,1150 (the minor support is in 1,1200).
Vision at 1-3 weeks: “We have maintained a positive view of the EUR since the beginning of this month. In our last narrative on Tuesday (April 8, Spot in 1,0925), we indicate that ‘the decrease in impulse indicates that the possibility that the EUR rise has decreased.’ We add, ‘a break of 1,0850 (level of’ strong support ‘) would indicate that instead of moving more, the EUR has entered a negotiation phase in the range.’ Subsequently, the EUR was negotiated irregularly but remained above 1,0850. They are 1,1400 and 1,1450.
Source: Fx Street
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