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11 Jun 2013
Flash: EUR/USD bulls higher eying 1.3342 – UBS
FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead.
“There is a strong resistance for the EUR/USD at 1.3342. A closing break above this level would be positive over the longer-term, opening 1.3520 – support is at 1.3178.” the analysts note. In terms of the EUR/CHF, Resistance is at 1.2419 ahead of 1.2460, while support is at 1.2354 – a break below would open 1.2267.
Moving to the EUR/GBP, the latest weakness is approaching support at 0.8475, a break below this would open 0.8421 and then 0.8398. Resistance is at 0.8527 ahead of 0.8607. Finally, concerning the EUR/JPY, Our resistance focus is at 132.08 ahead of 133.80. Support is at 128.59 ahead of 126.18, suggesting a bullish intraday outlook.
“There is a strong resistance for the EUR/USD at 1.3342. A closing break above this level would be positive over the longer-term, opening 1.3520 – support is at 1.3178.” the analysts note. In terms of the EUR/CHF, Resistance is at 1.2419 ahead of 1.2460, while support is at 1.2354 – a break below would open 1.2267.
Moving to the EUR/GBP, the latest weakness is approaching support at 0.8475, a break below this would open 0.8421 and then 0.8398. Resistance is at 0.8527 ahead of 0.8607. Finally, concerning the EUR/JPY, Our resistance focus is at 132.08 ahead of 133.80. Support is at 128.59 ahead of 126.18, suggesting a bullish intraday outlook.