EUR/USD: Next target emerges at 1.1010 – UOB
10.07.2023, 05:23

EUR/USD: Next target emerges at 1.1010 – UOB

UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang suggest the next level to watch for EUR/USD is now at 1.1010 in the near term.

Key Quotes

24-hour view: Our view that EUR would trade in a range last Friday was incorrect, as it lifted off in NY trade and surged to a high of 1.0973. The strong surge appears to be overdone, but with no signs of weakness just yet, the EUR strength is likely to extend. In view of the overbought conditions, June’s high near 1.1010 is unlikely to come under threat today. In order to keep the momentum going, EUR must stay above 1.0925 (minor support is at 1.0945). 

Next 1-3 weeks: We have held a negative view in EUR since late last month. After EUR dropped to 1.0832 and rebounded, we highlighted last Friday (07 Jul, spot at 1.0895) that “if EUR breaks above 1.0925, it would suggest that 1.0805 is not coming into view.” In NY trade, EUR not only broke above 1.0925, but it also soared by 0.73% (NY close of 1.0967), its biggest 1-day gain in three weeks. The rapid increase in momentum is likely to lead to further advance in EUR. The level to watch is June’s high near 1.1010, followed by 1.1050. In order to maintain the buildup in momentum, EUR must stay above 1.0870 (current ‘strong support’ level) in the next few days. 

© 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