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27 May 2015
EUR sentiment remains weak – UOB Group
FXStreet (Edinburgh) - Analysts at UOB Group noted the negative perspective of the single currency for the near term.
Key Quotes
“The expectation for EUR to consolidate is clearly wrong as we saw a fresh 1-month low of 1.0862”.
“The undertone remains weak but oversold condition suggests a slow grind lower from here towards 1.0835/40”.
“Strong resistance is near the overnight high of 1.0940”.
Key Quotes
“The expectation for EUR to consolidate is clearly wrong as we saw a fresh 1-month low of 1.0862”.
“The undertone remains weak but oversold condition suggests a slow grind lower from here towards 1.0835/40”.
“Strong resistance is near the overnight high of 1.0940”.