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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
EUR/USD: Neutral: Bearish if daily closing below 1.1095. There is no much to add to yesterday’s update. As highlighted, while downward momentum has improved, only a daily closing below 1.1095 would indicate that a move towards 1.0905/10, 1.0820 has started. This scenario still seems likely unless EUR can move back above 1.1120 from here (1.1060 is already a strong short-term resistance). GBP/USD: Neutral: In a 1.2960/1.3320 range. Shorter-term volatility appears to have eased off somewhat and from here; we maintain our neutral view on GBP. We continue to expect this pair to trade sideways in the coming days, likely ... (full story)