EUR/USD: To stop declining after breaking above 1.0840 – UOB Group
28.10.2024, 09:27

EUR/USD: To stop declining after breaking above 1.0840 – UOB Group

The Euro (EUR) is under mild downward pressure; it is likely to drift lower, but is unlikely to break the support at 1.0760. In the longer run, should EUR break above 1.0840, it would signal the end of the decline that started early this month, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

EUR unlikely to break the support at 1.0760

24-HOUR VIEW: “After EUR rebounded strongly last Thursday, we highlighted on Friday that ‘The rebound appears to be running ahead of itself, and instead of continuing to rise, EUR is more likely to trade in a 1.0790/1.0840 range.’ Our view was not wrong, as EUR traded between 1.0793 and 1.0839, closing at 1.0793 (-0.31%). There has been a slight increase in momentum. Today, EUR is likely to drift lower, but any decline is unlikely to break the support at 1.0760 (there is another support level at 1.0775). Resistance is at 1.0810; a breach of 1.0825 would indicate that the current mild downward pressure has faded.”

1-3 WEEKS VIEW: “We continue to hold the same view as last Friday (25 Oct, spot at 1.0825). As highlighted, should EUR break above 1.0840, it would signal the end of the decline that started early this month. Until then, there is still a chance for EUR to decline further. That said, there is a pair of strong support levels at 1.0760 and 1.0740.”

© 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