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26 Feb 2014
Flash: EUR/USD forms a top at 1.3760 – UBS
FXStreet (Córdoba) - The UBS analyst team continues to recommend selling EUR/USD into rallies as a top has been formed at 1.3760.
Key Quotes
"EUR/USD bounced during the last ten days several time at a resistance around 1.3760 and did it again on Tuesday".
"US data releases were mildly positive for the USD. The employment component of the consumer confidence was quite constructive, even though the release as a whole was rather dull - surpressed by weather conditions like many other recent data releases. Weather forecast have improved remarkably".
"We continue to recommend selling EUR/USD into rallies".
Key Quotes
"EUR/USD bounced during the last ten days several time at a resistance around 1.3760 and did it again on Tuesday".
"US data releases were mildly positive for the USD. The employment component of the consumer confidence was quite constructive, even though the release as a whole was rather dull - surpressed by weather conditions like many other recent data releases. Weather forecast have improved remarkably".
"We continue to recommend selling EUR/USD into rallies".