EUR/USD risks a sharp decline below 1.0340 – UOB
16.05.2022, 05:06

EUR/USD risks a sharp decline below 1.0340 – UOB

FX Strategists at UOB Group Quek Ser Leang and Lee Sue Ann suggested that EUR/USD could slip back to 1.0300 and 1.0200 in case it breaches 1.0340.

Key Quotes

24-hour view: “While we expected EUR to weaken yesterday, we were of the view that ‘the chance for a break of the major support at 1.0470 is not high’. However, EUR cracked the major support and plunged to a low of 1.0352. The deeply oversold weakness has scope to drop below 1.0340 first before stabilization can be expected (next support is at 1.0300). Resistance is at 1.0430 followed by 1.0460.”

Next 1-3 weeks: “Last Friday (06 May, spot at 1.0540), we highlighted that EUR has to close below the solid support at 1.0470 before a sustained decline is likely. Yesterday (12 May, spot at 1.0515), we indicated that ‘there is no change in our view for now even though shorter-term downward momentum has weakened a tad and the chance for EUR to close below 1.0470 has increased slightly’. That said, we did expect the reaction upon the break of 1.0470 as EUR crashed to a low of 1.0352. From here, a break of the 2017 low near 1.0340 could trigger further sharp decline. The next support levels are at 1.0300 and 1.0200. Overall, only a break of 1.0490 (‘strong resistance’ level was at 1.0605 yesterday) would indicate that the current weakness in EUR has stabilized.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik