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EUR/USD: Bullish, Bearish, Or Sideways - Citi, Barclays, UOB
The technical strategy teams at CitiFX, Barclays Capital, and UOB Group provide their views on EUR/USD technical setting around current levels: Citi: Bullish towards 1.18+ "EURUSD confirmed a double bottom by closing above the 1.1460 neck-line last Wednesday, signaling a move towards 1.18+. Downside move is likely to be supported at the 55 day moving average (1.1210). There is also trend-line support from the triangle break at 1.1206. Although there is channel resistance at 1.1846, there is a possibility that EURUSD could visit the 200 month moving average at 1.2220. If seen we would view those aggressive ... (full story)
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