Further decline in EUR/USD is likely on a sustained breach of the 1.0655 level, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.
24-hour view: “Our view for EUR to trade within a range of 1.0695/1.0775 was incorrect as it dropped to 1.0659 before rebounding to close at 1.0689 (0.43%). While the rebound amid oversold conditions has reduced the likelihood of further declines, EUR may test the 1.0655 support level before a more sustained recovery is likely. The major support at 1.0615 is unlikely to come under threat. Resistance is at 1.0715, a breach of 1.0735 would indicate that the current downward pressure has eased.”
Next 1-3 weeks: “We highlighted yesterday (15 Feb, spot at 1.0735) that the recent EUR weakness has ended and EUR has moved into a consolidation phase and is likely to trade between 1.0655 and 1.0815. We did not anticipate the rapid manner in which EUR moved towards the bottom of the expected range (EUR dropped to 1.0659 in NY trade). Downward momentum is building again but EUR has to break and stay below 1.0655 before a sustained decline is likely. The chance of a sustained decline will increase as long as EUR does not move above 1.0760 (‘strong resistance’ level) within the next couple of days. Looking ahead, the next support below 1.0655 is a major level at 1.0615.”
© 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.
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.
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.