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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD - UOB
EUR/USD: Bearish: Diminished odds for further EUR weakness. EUR dipped to a low of 1.1119 yesterday but rebounded quickly. While the outlook is still deemed as bearish, the odds for further EUR weakness have diminished. From here, unless EUR can move and stay below 1.1120 within these 1 to 2 days, a break above the current stop-loss at 1.1240 would not be surprising.* GBP/USD: Bearish: Risk of a short-term low, to take partial level at current level. Shorter-term momentum is waning rapidly and this coupled with oversold conditions has increased the risk of a shortterm low. Those who are short from last week should ... (full story)