The Euro (EUR) is expected to trade in a range between 1.0760 and 1.0810. In the longer run, to continue to decline, EUR must break the significant support at 1.0740, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
24-HOUR VIEW: “Yesterday, when EUR was at 1.0800, we indicated that EUR ‘is under mild downward pressure.’ We expected it to ‘edge lower, but is unlikely to break the major support at 1.0770.’ However, EUR fell more than expected to 1.0760, recovering slightly to close at 1.0781 (- 0.15%). Oversold conditions combined with tentative signs of slowing momentum suggests EUR is unlikely to weaken much further. Today, we expect EUR to trade in a range between 1.0760 and 1.0810.”
1-3 WEEKS VIEW: “Our most recent narrative was from two days ago (22 Oct, spot at 1.0815), wherein ‘despite the relatively sharp decline, downward momentum has not improved much.’ We indicated that ‘there is a chance for EUR to drop to 1.0770 before stabilisation can be expected.’ Yesterday, EUR dropped to 1.0760. Although, there is no sign of stabilisation yet, there has been no significant increase in momentum either. To continue to decline in a sustained manner, EUR must break the significant support level at 1.0740 (see 1-3 months update below). The likelihood of EUR breaking below 1.0740 will remain intact, provided that 1.0840 (‘strong resistance’ level was at 1.0870 yesterday) is not breached. Looking ahead, if EUR breaks clearly below 1.0740, the next level to watch is another significant support at 1.0665.”
© 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.