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EUR/USD now targets 1.1280 – UOB

The research team at UOB reiterated the bullish stance on EUR/USD and now aims for a test of 1.1280.

Key Quotes

“Instead of extending higher, EUR traded sideways within a tight 30 pips range of 1.1153/1.1183. Upward pressure has eased and further sideway consolidation is expected from here”.

“We shifted to a bullish EUR stance yesterday and there is no change to the view. At this stage, the upside potential appears to be limited to 1.1280. Stop-loss remains unchanged at 1.1060. There is not much to add as the tight 30 pips range yesterday does not offer further clues”.

European stocks drop amid poor earnings, banks slump

The sentiment around the European stock markets turned soured this Tuesday, as investors digest poor show of corporate earnings results. While waverin
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EUR/GBP could reach 0.86 in 1-month – Danske Bank

Sverre Holbek, Senior Analyst at Danske Bank, sees the European cross edging higher towards the 0.86 area in a month’s view. Key Quotes “Yesterday’s
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