Tech targets from UOB courtesy of our friends at 19 Sept
efxnews.com
EUR/USD: Shift from neutral to bearish: Expect solid support at 1.1100.
The unexpected sharp drop last Friday coupled the weak daily and
weekly closing has shifted the outlook for EUR to bearish. That said,
the price action seems to be similar to that in late August where the
sharp decline in a single day extended lower but the down-move was
quickly reversed a few days later. From here, we expect any weakness in
EUR to encounter solid support at 1.1100. In order to maintain the
current bearish momentum, any short-term rebound should not move above
1.1240 (1.1200 is already a strong shortterm resistance).