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28 May 2015

EUR/USD attempting to form a base? – UOB Group

FXStreet (Edinburgh) - Analysts at UOB Group slipped the possibility that EUR/USD might be forming a base.

Key Quotes

“The downside target indicated at 1.0835/40 yesterday was exceeded with an overnight low of 1.0818”.

“Waning downward momentum coupled with the swift rebound from the low suggests that this pair is trying to form a base for a stronger recovery”.

“For today, allow for a dip to 1.0845/50 but 1.0810 is expected to hold for a move to 1.0950”.
May 28, 2015

EUR/USD retreats from highs near 1.0930

The bid tone in the EUR/USD pair was heightened in the European morning driving the shared currency towards fresh session highs beyond 1.09 handle, largely on the back of a renewed broad based US dollar self-off while prospects of a Greek deal being reached also boosted sentiment around the euro.
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May 28, 2015

Another episode of the Greek drama – DB

Analyst Jim Reid at Deutsche Bank reviews the recent development in the Greek front...
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