EUR/USD now risks a deeper pullback – UOB
06.07.2022, 04:57

EUR/USD now risks a deeper pullback – UOB

In light of the recent price action, EUR/USD could now edge lower and retest the 1.0200/1.0100 levels in the next weeks, noted FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang.

Key Quotes

24-hour view: “Our view for USD to consolidate yesterday was incorrect as it lurched lower, cracked the critical support at 1.0350 and nose-dived to 1.0233 before closing lower by a whopping 1.49% (NY close of 1.0266). The decline of 1.49% is the largest 1-day drop since Mar 2020. While deeply oversold, the weakness has not stabilized. Only a break of 1.0340 (minor resistance is at 1.0300) would indicate that the weakness has stabilized. Until then, there is scope for EUR to weaken further to 1.0200 (minor support is at 1.0235).”.

Next 1-3 weeks: “We turned negative in EUR last Thursday (30 Jun, spot at 1.0445). After EUR dropped to 1.0365 and rebounded, we highlighted yesterday (05 Jul, spot at 1.0435) that ‘downward momentum has slowed somewhat and the odds for EUR to move to 1.0350 have diminished’. We did not quite expect the sudden lurch lower as EUR plunged and cracked 1.0350. The break of the critical support sent EUR nose-diving to 1.0233. The break of the critical support at 1.0350 amidst solid downward momentum is likely to lead to further EUR weakness. The levels to focus on are the round-number supports of 1.0200 and 1.0100. Further decline to parity (1.0000) is not ruled out but this level may be out of reach this time round. Overall, only a break of 1.0380 (‘strong resistance’ level was at 1.0500) yesterday would indicate the current downward pressure has eased.”

© 2000-2025. 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