Rejuvenated momentum suggests further Euro (EUR) strength. EUR could test but is unlikely to break clearly above the significant resistance zone between 1.0970 and 1.0980, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
24-HOUR VIEW: “Our view of EUR trading in a range yesterday was incorrect. Instead of trading in a range, EUR surged, reaching a high of 1.0947 before closing at 1.0937 (+0.37%). Not surprisingly, the sharp advance is overbought. However, as long as 1.0910 (with minor support at 1.0925) is not breached, EUR could test but is unlikely to break clearly above the significant resistance zone between 1.0970 and 1.0980.”
1-3 WEEKS VIEW: “In our most recent narrative from two days ago (16 Jul, spot at 1.0895), we highlighted that ‘while there is still scope for EUR to rise further, upward momentum is slowing, and it remains to be seen if any further advance can reach 1.0940.’ We also highlighted that ‘a breach of 1.0850 (no change in ‘strong support’ level) would mean that the EUR strength from early this month (as annotated in the chart below) has run its course.’ Yesterday, EUR took off and broke above 1.0940, reaching a high of 1.0947. The rejuvenated upward momentum suggests further EUR strength, even though the 1.0970/1.0980 zone is expected to pose significant resistance. On the downside, the ‘strong support’ level has moved higher to 1.0885 from 1.0850.”
© 2000-2024. 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.