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Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB
EUR/USD: Neutral: Recovery to extend to 1.0825/30. EUR closed higher for the second straight day and we continue to hold the view that the current strength has room to extend higher towards the year-to-date high at 1.0825/30. This is a rather strong resistance and is unlikely to yield so easily (next resistance is at last December’s high near 1.0870. All in, this pair is expected to stay underpinned from here as long as 1.0670 is not taken out. On a shorter-term note, 1.0700 is already a strong support. GBP/USD: Neutral: Bullish if daily closing above 1.2370. The overnight high of 1.2377 edged above the expected ... (full story)
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