FXStreet (Guatemala) – Analysts at UOB noted the key ranges. With EUR/USD highs today the analysts suggest that immediate downward pressure has eased.
Key Quotes:
“The sudden reversal last Friday clearly indicates that the recent short-term upward momentum has fizzled out. While the current weakness could extend lower, we prefer to see a daily closing below 1.0580 before adopting a bearish stance.”
“Only a move back above 1.0660 would indicate that the immediate downward pressure has eased.”
(Market News Provided by FXstreet)