-
Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB
EUR/USD: Neutral: In a range, likely between 1.0420 and 1.0620. There is not much add; as noted yesterday, the near-term bias is tilted to the upside but 1.0620 is expected to offer stiff resistance in the coming days followed closely by the major resistance zone near 1.0650/70. Overall, EUR is expected to stay underpinned in the next couple of days with solid support at 1.0480. GBP/USD: Shift from neutral to bearish: Expect strong support at 1.2085/90. The rapid acceleration lower yesterday was unexpected as GBP easily took out several strong supports. While the neutral outlook has shifted to bearish, strong support ... (full story)