EUR/USD: Downward bias gathers pace – UOB
04.12.2023, 06:21

EUR/USD: Downward bias gathers pace – UOB

Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group favoured a potential drop of EUR/USD to the 1.0810 zone in the next few weeks.

Key Quotes

24-hour view: Last Friday, we held the view that “there is scope for EUR to dip to 1.0865 before a recovery can be expected.” We highlighted that “the major support at 1.0810 is highly unlikely to come under threat.” EUR dipped more than expected to 1.0827 before rebounding to close little changed at 1.0881 (-0.05%). While downward pressure appears to have eased, EUR could dip to 1.0810 before a more sustained recovery is likely. The chance of EUR breaking clearly below 1.0810 is not high. Resistance is at 1.0900, followed by 1.0915.

Next 1-3 weeks: Our update from last Friday (01 Dec, spot at 1.0895) still stands. As highlighted, after the sharp pullback in EUR last Thursday, upward momentum has faded, and downward momentum has increased a tad. We also highlighted that EUR could edge lower towards 1.0810. EUR then dipped to 1.0827 before rebounding. The bias is still for EUR to dip further to 1.0810. The chance of it breaking clearly below this level is still not high. On the upside, if EUR breaks above 1.0965 (‘strong resistance’ level was at 1.0985 last Friday), it would indicate that it is likely to trade in a range instead of edging lower towards 1.0810. 

© 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