The Euro (EUR) could break the significant support at 1.0450; the next technical target at 1.0400 is likely out of reach for the time being. In the longer run, EUR weakness has resumed; the levels to monitor are 1.0450 and 1.0400, UOB Group’s FX strategists Quek Ser Leang and Lee Sue Ann note.
24-HOUR VIEW: “Our view for EUR to trade in a range yesterday was incorrect, as it plummeted to a low of 1.0461, closing on a weak note at 1.0473 (- 0.66%). The strong momentum is likely to outweigh the oversold conditions. Today, EUR could break the significant support at 1.0450. The next technical target at 1.0400 is likely out of reach for the time being. On the upside, any recovery is expected to remain below 1.0530, with minor resistance at 1.0505.”
1-3 WEEKS VIEW: “Two days ago (20 Nov, spot at 1.0590), we indicated that ‘the weakness in EUR has stabilised.’ We expected EUR to ‘consolidate between 1.0520 and 1.0685.’ After EUR dropped to a low of 1.0507, we pointed out yesterday (20 Nov, spot at 1.0545) that ‘the recent downtrend is likely to resume if it breaks and stays below 1.0490.’ We did not anticipate EUR to break below 1.0490 as quickly, as it plummeted to 1.0461. To look at it another way, the recent EUR weakness has resumed earlier than expected. The levels to monitor are 1.0450 and 1.0400. We will maintain our view provided that 1.0560 (‘strong resistance’ level was at 1.0600 yesterday) is not breached.”
© 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.