EUR/USD: Weakness in EUR can extend to 1.0935 – UOB Group
07.10.2024, 09:27

EUR/USD: Weakness in EUR can extend to 1.0935 – UOB Group

Provided that 1.1015 is not breached, the weakness in EUR could extend to 1.0935 before stabilisation can be expected. In the longer run, further EUR weakness appears likely; the next two support levels to monitor are 1.0935 and 1.0900, UOB Group FX analysts Quek Ser Leang and Peter Chia note.  

Support levels to monitor are 1.0935 and 1.0900

24-HOUR VIEW: “The sharp selloff that sent EUR plunging to 1.0950 was unexpected (we were expecting range trading). Not surprisingly, after such a sharp decline, conditions are severely oversold. However, provided that 1.1015 (minor resistance is at 1.0995) is not breached, the weakness could extend to 1.0935 before stabilisation can be expected. The major support at 1.0900 is unlikely to come into view.”

1-3 WEEKS VIEW: “Last Wednesday (02 Oct), when EUR was trading at 1.1065, we noted the ‘rapid buildup in downward momentum.’ We were of the view that ‘this is likely to lead to EUR weakness, and the levels to monitor are 1.1030 and 1.1000.’ After EUR fell towards 1.1000, we indicated last Friday (04 Oct, spot at 1.1035) that ‘to continue to decline, EUR not only has to break below 1.1000 but also the next solid support at 1.0980.’ In NY trade, EUR easily broke below both support levels, reaching a low of 1.0950. Although conditions are oversold, further EUR weakness appears likely. The next two support levels to monitor are 1.0935 and 1.0900. On the upside, a breach of 1.1060 (‘strong resistance’ level was at 1.1090 last Friday) would mean that EUR is not weakening further.”

© 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.

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